Multiple choice

The profit after selling a pair of trousers for Rs. 863 is the same as the loss incurred after selling the same pair of trousers for Rs. 631. What is the cost price of the pair of trousers?

  1. Rs. 750

  2. Rs. 800

  3. Rs. 763

  4. Rs. 747
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let cost price be CP. Selling at Rs. 863 gives profit, so profit = 863 - CP. Selling at Rs. 631 gives loss, so loss = CP - 631. Since profit = loss, we have 863 - CP = CP - 631, which gives 2CP = 1494, so CP = Rs. 747. Verify: Profit = 863 - 747 = Rs. 116, Loss = 747 - 631 = Rs. 116. Both are equal.

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