Multiple choice

The profit earned after selling an article for Rs. 625 is same as the loss incurred after selling the article for Rs. 435. The cost price of the article is :

  1. 520

  2. 530

  3. 540

  4. 550
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let CP be x. Profit = 625 - x. Loss = x - 435. Since profit = loss, 625 - x = x - 435. 2x = 1060, so x = 530.

AI explanation

Let the cost price be x. Using the profit and loss equality formula, x - Profit = Selling Price with profit, and x + Loss = Selling Price with loss, so x - Profit = 625 and x + Loss = 435. Since the profit and loss amounts are equal, (x - 625) = (435 - x). Adding 2x to both sides gives 2x = 1060, so x equals 530. The cost price of the article is 530.

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