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 ?

Answer : C. Rs 360…

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

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