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Question : The profit (in Rs.) after selling an article for Rs. 524 is the same as the loss (in Rs.) after selling it for Rs. 452. The cost price of the article is:

Option 1: Rs. 480

Option 2: Rs. 485

Option 3: Rs. 488

Option 4: Rs. 500


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 488


Solution : Let the cost price be Rs. x.
Profit = Selling price – Cost price = 524 – x
Loss = Cost price – Selling price = x – 452
According to the question,
524 – x = x – 452
⇒ 2x = 976
$\therefore$ x = 488
Hence, the correct answer is Rs. 488.

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