Profit And Loss Ques 19
Question.
The profit earned after selling an article for ₹ 1,516 is the same as loss incurred after selling the article for ₹ 1,112 . What is the cost price of the article?
(1) ₹ 1,314
(2) ₹ 1,343
(3) ₹ 1,414
(4) ₹ 1,434
(5) None of these
(Oriental Bank of Commerce PO Exam. 21.12.2008 & United India Insurance AO Exam. 26.05.2013)
Show Answer
Correct Answer: (1)
Solution: (1)
Let the cost price of the article be $ \text{₹} x$.
According to the question,
$1516-x=x-1112$
$\Rightarrow 2 x=1516+1112$ $=2628$
$\Rightarrow x=\frac{2628}{2}= \text{₹} 1314$
BETA
