If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then what is the cost price of the article?180220200190None
Question
If the profit on selling an article for Rs.240 is the same as the loss on selling it for Rs.160, then what is the cost price of the article?
- 180
- 220
- 200
- 190
- None
Solution
Let's solve this step by step:
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According to the problem, the profit when selling the article for Rs.240 is equal to the loss when selling it for Rs.160.
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This means that the cost price of the article is exactly halfway between Rs.240 and Rs.160.
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To find the halfway point (or average), you add the two prices together and then divide by 2.
So, (240 + 160) / 2 = 400 / 2 = Rs.200
Therefore, the cost price of the article is Rs.200.
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