The profit earned after selling an article for Rs. 1,516 is the same as loss incurred after selling the article for Rs. 1,112. What is the cost price of the article ?

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INSURANCE EXAMS (UIIC) 2013 click here to view all questions

The profit earned after selling an article for Rs. 1,516 is the same as loss incurred after selling the article for Rs. 1,112. What is the cost price of the article ?

ARs. 1,314

BRs. 1,343

CRs. 1,414

DRs. 1,434

Nithin ? Aug 11 '2022 at 8:11

Correct answer is: Rs. 1,314

Explanation:

Let the cost price of the artice be Rs. x.
According to the question,

\(1516 - x = x - 1112\)

\(\implies 2x = 1516 + 1112 = 2628\)

\(\implies x =\frac{2628}{2}\)

\(= Rs. 1314\)

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Correct answer is: Rs. 1,314 Explanation: Let the cost price of the artice be Rs. x. According to the question, \(1516 - x = x - 1112\) \(\implies 2x = 1516 + 1112 = 2628\) \(\implies x =\frac{2628}{2}\) \(= Rs. 1314\) Nithin ? answered Aug 11 '2022 at 8:11 All Comments

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