The profit earned on selling an article at ₹720 is half of the loss incurred on selling the same article at ₹360. What is the cost price of the article?
A.₹540
B.₹480
C.₹600✓ Correct
D.₹420
Explanation
Let CP = x. Profit at 720 = (720−x), Loss at 360 = (x−360). Given: (720−x) = (1/2)(x−360). Solving: 1440−2x = x−360, 1800 = 3x, x = ₹600.
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