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In the land of the famous milkman Merghese Durian, a milkman sells his buffalo for Rs. 720 at some profit. Had he sold his buffalo at Rs. 510, the quantum

In the land of the famous milkman Merghese Durian, a milkman sells his buffalo for Rs. 720 at some profit. Had he sold his buffalo at Rs. 510, the quantum of the loss incurred would have been double that of the profit earned. What is the cost price?

  • Option 1)

    Rs 615

  • Option 2)

    Rs 625

  • Option 3)

    Rs 675      

  • Option 4)

    None of these

  • Option 5)

    Rs. 600

Answers (1)
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SP = 720

New SP = 510

Difference = 720 - 510

Now P : L = 1 : 2

P = 200\times \left ( \frac{1}{3} \right )=700

Then CP = 720 - 70 = 650

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