The profit earned on selling an article for Rs.625 is the same as loss on selling it for Rs.435. The cost price of the article is

Question

Philoid · Accepted Answer

Let the CP be x.

When Profit is earned CP = 625 – x

When Loss is incurred CP = × – 435

According to question,

625 – × = x- 435

2 × = 625 + 435

2 × = 1060

× = Rs.530

So, Cost Price is Rs.530.