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The profit earned after selling a pair of shoes for ₹ 2033 is the same as the loss incurred after selling the same pair of shoes for ₹ 1063. What is the cost price of the shoes ?
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- ₹ 1650
- ₹ 1548
- ₹ 1532
- Cannot be determined
- None of the above
Correct Option: B
Let the cost price of the shoes = ₹ x
According to the question,
2033 - x = x - 1063
⇒ 2x = 2033 + 1063 = 3096
∴ x = 3096/2 = ₹ 1548
