Question

If the profit on selling an article for $Rs.4500$ is thrice of the loss on selling it for $Rs.2500$. Then the cost price of the article is?

• A. $3000$
• B. $2800$
• C. $1400$
• D. $Notavailable$

Answer 1

The correct option is A $3000$

We have,

Selling price = S.P. $=Rs.4500$

Loss Price = L.P. $=Rs.2500$

Let the Cost Price $C.P.=Rs.x$

According to given question,

$S.P.-C.P.=3(C.P.-L.P.)$

$4500-x=3(x-2500)$

$4500-x=3x-7500$

$4500+7500=3x+x$

$12000=4x$

$x=3000$

Then, the cost price is $Rs.3000$

Hence, this is the answer.