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There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article?
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There is some profit when an article is sold for rupees 720 however wh...
Calculating Cost Price of an Article
Given Information:
- Selling price of an article = Rs.720
- Selling price of the same article = Rs.420
Calculations:
Let's assume the cost price of the article to be 'x'
When the article is sold for Rs.720, there is some profit. Let's calculate the profit percentage.
Profit = Selling price - Cost price
Profit = 720 - x
Profit percentage = (Profit / Cost price) x 100
Profit percentage = ((720 - x) / x) x 100
Now, when the same article is sold for Rs.420, there is some loss. Let's calculate the loss percentage.
Loss = Cost price - Selling price
Loss = x - 420
Loss percentage = (Loss / Cost price) x 100
Loss percentage = ((x - 420) / x) x 100
We know that profit percentage minus loss percentage gives us the net profit or loss percentage.
Net profit/loss percentage = Profit percentage - Loss percentage
If the net profit percentage is positive, then there is a profit. If it is negative, then there is a loss.
Solution:
After calculating the profit and loss percentages, we get:
((720 - x) / x) x 100 - ((x - 420) / x) x 100 = Net profit/loss percentage
Simplifying this equation, we get:
300x = 30000
x = 100
Therefore, the cost price of the article is Rs.100.
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There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article?
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There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article?.
There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There is some profit when an article is sold for rupees 720 however when the same article is sold for rupees 420 there is a some loss in the quantum of law students the quantum of profit find the cost price of an article?.
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