Multiple choice

The profit earned after selling an article for Rs. 1,754 is the same as the loss made after selling the article for Rs. 1,492. The cost price of the article is:

  1. Rs. 1,623

  2. Rs. 1,523

  3. Rs. 1,689

  4. Rs. 1,540

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Let cost price be x. Profit at Rs. 1754 = 1754 - x. Loss at Rs. 1492 = x - 1492. Given: 1754 - x = x - 1492. Solving: 1754 + 1492 = 2x, so 3246 = 2x, and x = 1623. Option A (Rs. 1623) is the correct cost price.