Multiple choice

The profit earned after selling an article for Rs. 1666 is the same as the loss incurred after selling the article for Rs. 1252. What is the cost price of the article?

  1. Rs.1452

  2. Rs.1458

  3. Rs.1459

  4. Rs.1453

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

When profit equals loss, Cost Price = (Selling Price at profit + Selling Price at loss) / 2. Here: CP = (1666 + 1252) / 2 = 2918 / 2 = 1459. Verification: Profit at 1666 = 1666 - 1459 = 207. Loss at 1252 = 1459 - 1252 = 207. Both are equal, confirming CP = Rs. 1459 is correct.

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