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Question
The profit earned after selling a T-shirt for ₹ 575 is the same as loss incurred after selling the same T-shirt for ₹ 295. What is the cost price of the T-shirt?
Options
₹ 425
₹ 445
₹ 430
None of these
MCQ
Solution
None of these
Explanation:
Let the Cost price of T- shirt be x.
Selllilg price = ₹ 575
Profit = Selling price - Cost price
= 575 - x
Loss = Cost price - Selling price
= x - 295
According to the question,
575 - x = x - 295
⇒ 575 + 295 = x + x
⇒ 870 = 2x
∴ x = `870/2` = 435
Therefore, Cost price of the T-shirt = ₹ 435
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Profit and Loss (Entrance Exam)
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