Home » Aptitude » Profit and Loss » Question
  1. Profit after selling a commodity for $ 524 is the same as loss after selling it for $ 452. The cost price of the commodity is
    1. $ 480
    2. $ 500
    3. $ 488
    4. $ 485
Correct Option: C

Let the cost price of the commodity = $ y
According to the question ,
⇒ 524 – y = y – 452
⇒ 2y = 524 + 452
⇒ 2y = 976

⇒ y =
976
= 488
2

The required price = $ 488



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