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The profit earned after selling a box for Rs. 1516 is the same as loss incurred after selling it for Rs. 1112. What is the cost price of the box?
  • a)
    Rs. 1344
  • b)
    Rs. 1314
  • c)
    Rs. 1413
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The profit earned after selling a box for Rs. 1516 is the same as loss...
According to the given statement
1516 – x = x – 1112, where x is the CP
2x = 2628
x = CP = Rs. 1314
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Most Upvoted Answer
The profit earned after selling a box for Rs. 1516 is the same as loss...
To solve this problem, we can use the formula for profit and loss:

Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price

Let's assume the cost price of the box is x.

According to the given information,
Profit earned after selling the box for Rs. 1516 = Loss incurred after selling it for Rs. 1112

Using the formula for profit and loss:
1516 - x = x - 1112

Simplifying the equation:
1516 + 1112 = 2x
2628 = 2x

Dividing both sides by 2:
x = 2628/2
x = 1314

Therefore, the cost price of the box is Rs. 1314.
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The profit earned after selling a box for Rs. 1516 is the same as loss incurred after selling it for Rs. 1112. What is the cost price of the box?a)Rs. 1344b)Rs. 1314c)Rs. 1413d)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
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