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Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________?

Correct answer: B. Rs. 390

  • A. Rs. 385
  • B. Rs. 390
  • C. Rs. 395
  • D. Rs. 400

Explanation

If the cost price is x rupees, equal profit and loss give Rs. 425 - x = x - Rs. 355. Thus 2x = Rs. 780 and x = Rs. 390. Students often select Rs. 385 by averaging incorrectly or by failing to set the two equal differences.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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