Multiple choice

If the profit on selling an article for Rs. 850 is the same as the loss on selling it for Rs. 710, then the cost price of the article is -

  1. Rs. 820

  2. Rs. 760

  3. Rs. 800

  4. Rs. 780
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP be the cost price. Profit at Rs. 850 = CP - 710. Setting them equal: 850 - CP = CP - 710, giving 2CP = 1560, so CP = 780. Option D is correct. At Rs. 820, profit would be 30 but loss would be 60 - not equal. Rs. 760 and 800 don't satisfy the equal profit-loss condition.

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