Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
95 views
in Profit and Loss by (238k points)
closed by

The profit earned after selling an article for Rs. 625 is 50% more than the loss incurred after selling the article for Rs. 500. What is the cost price of the article?


1. 525
2. 550
3. 575
4. 600

1 Answer

0 votes
by (240k points)
selected by
 
Best answer
Correct Answer - Option 2 : 550

Given:

Profit earned after selling the article for Rs. 625 is 50% more than the loss incurred after selling the article for Rs. 500.

Concept Used:

Profit = Selling price – Cost price

⇒ Cost price = Selling price - profit

Calculation:

Profit is 50% more than the loss

Let loss be 100%

Then profit = (100 + 50) = 150%

The ratio of profit on selling Rs. 625 and loss incurred on selling Rs. 500 = 150 : 100

⇒ 3 : 2

Difference between two selling price is (625 – 500)

⇒ 125

Profit = (3/5) × 125

⇒ 75

Cost price = 625 – 75

⇒ Cost Price = 550

The cost price of the article is Rs. 550

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...