Multiple choice

Dhara sold her newly bought crockery set at Rs. 900 and earned a profit. The profit earned by her is the same as the loss suffered if she had sold the crockery set at Rs. 850. Find the cost price of the crockery set.

  1. Rs. 875

  2. Rs. 800

  3. Rs. 890

  4. Rs. 870

  5. Rs. 857
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A Correct answer
Explanation

Let CP be x. Profit = 900 - x. Loss = x - 850. Since profit = loss, 900 - x = x - 850. 2x = 1750, x = 875.

AI explanation

Using the equilibrium formula where the cost price is the average of the two given selling prices, add 900 and 850 to get 1750. Divide this sum by 2 to find the cost price. The cost price of the crockery set is Rs. 875.

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