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Profit and Loss

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  1. If the profit on selling an article for $ 425 is the same as the loss on selling it for $ 355, then the cost price of the article is
    1. $ 370
    2. $ 380
    3. $ 390
    4. $ 400
Correct Option: C

Let the C.P. of article be y,
According to question ,
425 – y = y – 355
⇒ 2y = 425 + 355 = 780

⇒ y =
780
 = $ 390
2


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