If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then what is the cost price of the article?180220200190None
Question
If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then what is the cost price of the article?180220200190None
Solution
Let's solve this step by step:
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According to the problem, the profit when selling the article for Rs.240 is the same as the loss when selling it for Rs.160.
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This means that the difference between the cost price and Rs.240 is the same as the difference between the cost price and Rs.160.
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Let's denote the cost price as 'x'. So, we can write the equation as: 240 - x = x - 160
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Solving this equation, we get: 2x = 400
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Therefore, the cost price 'x' is Rs.200.
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