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?
| Question | 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? | |
| Type | multiple_choice | |
| Option | 250 | incorrect |
| Option | 400 | incorrect |
| Option | 450 | correct |
| Option | 500 | incorrect |
| Solution | 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 | |