Question : If the profit from selling an article for Rs. 425 is the same as the loss from selling it for Rs. 355, then the cost price of the article is:
Option 1: Rs. 410
Option 2: Rs. 380
Option 3: Rs. 400
Option 4: Rs. 390
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Correct Answer: Rs. 390
Solution :
Let the cost price of the article be Rs. x.
According to the given information,
Profit = loss
⇒ 425 – x = x – 355
⇒ x + x = 425 + 355
⇒ 2x = 780
$\therefore$ x = 390
Hence, the correct answer is Rs. 390.
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