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If the profit earned on selling an article for ₹ 810 is the same as loss on selling it for ₹ 530, then find the cost price of the article. |
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Answer» Case 1: Profit = Selling price (SP) – Cost price (CP) Case 2: Loss = Cost price (CP) – Selling price (SP) Given that profit of case 1 = loss of case 2 ∴ P = 810 – CP L = CP – 530 Since profit (P) = loss (L) 810 – CP = CP – 530 ∴ 2CP = 810 + 530 = 1340 ⇒ C.P = 1340/2 ∴ CP = 670 |
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