1. The Loss incurred by selling an article at Rs.365 is 60% of the gain attained by selling the same article at Rs.701. Find the cost price of the article. (in Rs)
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By: anil on 05 May 2019 01.12 am
LET THE COST PRICE AND SELLING PRICE OF THE ARTICLE BE C AND S RESPECTIVELY. GAIN = 701-C LOSS = C-365 GIVEN LOSS = 60/100 GAIN C-365 = 0.6 (701-C) ON SOLVING , WE GET C = 491 SO, COST PRICE = RS. 491
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