Multiple choice

The profit earned by selling an article for Rs. 1754 is the same as the loss incurred by selling the article for Rs. 1492. What is the cost price of the article?

  1. Rs. 1623

  2. Rs. 1523

  3. Rs. 1689

  4. Rs. 1589

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let CP be x. Profit = 1754 - x. Loss = x - 1492. Since profit = loss, 1754 - x = x - 1492. 2x = 3246. x = 1623.

AI explanation

Using the equal profit and loss formula, the cost price equals the sum of the two selling prices divided by two. The calculation is (1754 + 1492) / 2. This gives 3246 / 2, making the cost price Rs. 1623.

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