A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV? MCQ with Answer and Explanation
A person sells a TV set for Rs. 9400 and makes a certain loss. If he sells it for Rs. 10600, his profit is double the amount of his previous loss. What is the cost price of the TV?
A. Rs. 10000
B. Rs. 9600
C. Rs. 9800
D. Rs. 10200
Answer: Option C
Solution (By JKSSB Mock Tests)
Let Cost Price = x. Loss = x - 9400. Profit = 10600 - x. Profit = 2 * Loss. 10600 - x = 2 * (x - 9400). 10600 - x = 2x - 18800. 3x = 29400. x = 9800.
No comments yet. Be the first to start the discussion!