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Discussion :: Profit and Loss

  1. The profit percent gained if an object is sold at Rs 464 is equals to the loss percent when the object is sold at Rs 436. Find the cost price of this object?

    2. A.
    250
    B.
    400
    C.
    450
    D.
    500

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    Answer : Option C

    Explanation :

    Apply formula:

    Profit = selling price - cost price
    Loss = cost price - selling price

    ATQ, Selling price in case of profit is 464
    Selling price in case of loss is 436

    And the loss % = profit %

    So, cost price - selling price = selling price - cost price
    Let cost price = x

    x- 436 = 464 - x
    2x= 464+436
    2x = 900
    x = 450

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