Quantitative Aptitude Ques 1621

Question: The profit earned after selling an article for Rs. 1516 is the same as loss incurred after selling the article for Rs. 1112. What is the cost price of the article?

Options:

A) Rs. 1314

B) Rs. 1343

C) Rs. 1414

D) Rs. 1434

E) None of these

Show Answer

Answer:

Correct Answer: A

Solution:

  • [a] Let the cost price of the article be Rs. x. According to the question, $ 1516-x=x-1112 $
    $ \Rightarrow $ $ 2x=1516+1112=2628 $
    $ \Rightarrow $ $ x=\frac{2628}{2}=Rs.,1314 $