Correct Answer - Option 1 : Rs. 3400

**Given:**

17% profit - 11% loss = Rs. 952

**Concept:**

Consider the Cost price of the item be 100a and proceed.

**Calculation:**

Let the Cost price of the item = 100a

∴ Selling price at 17% profit = 100a + (17/100) × 100a

= 100a + 17a

= 117a

Selling price after 11% loss = 100a - (11/100) × 100a

= 100a - 11a

= 89a

∵ 117a - 89a = Rs. 952

⇒ 28a = 952

⇒ a = 952/28

⇒ a = Rs. 34

∴ CP of the item = 100a

= 100 × 34

= Rs. 3400