# The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article ?

The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article ?

A. Rs 400

B. Rs 420

C. Rs 360

D. RS 350

**Answer : **C. Rs 360

## Explanation:

Here pofit is the twice the loss.

Profit = 2 Loss.

Selling Price – Cost Price = 2 (Cost Price – Selling Price)

480 – Cost Price = 2(Cost Price – 300)

3 Cost Price = 1080

Cost Price = 360