the profit earned on selling article at ₹720 is half of the loss incurred on selling the same article at ₹360. what is the cost price of the article
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Let cost price = Rs. X
Profit = Rs. (730 – x)
Loss = Rs. (x – 255)
According to question
730 – x = 2×(x−265)
730 – x = 2x – 530
3x = 1260
x = 420
Required selling price = 420×115100=Rs.483