A book is sold for Rs. 575 the amount of profit is equal to the a
| A book is sold for Rs. 575 the amount of profit is equal to the amount of loss if it is sold for Rs. 385, the cost price for this book is
A. Rs. 496
B. Rs. 400
C. Rs. 480
D. Rs. 475
Please scroll down to see the correct answer and solution guide.
Right Answer is: C
SOLUTION
Given,
Selling price of book = Rs. 575
Let cost price of book be Rs.a.
⇒ Profit = 575 - a
Given,
Selling price of book = Rs. 385
⇒ Loss = a - 385
Then,
⇒ 575 - a = a - 385
⇒ 2a = 960
⇒ a = 480
∴ cost price of a book is Rs. 480