The profit earned after selling a pair of shoes for ₹ 2033 is the same as the loss incurred after selling the same pair of shoes for ₹ 1063. What is the cost price of the shoes?
Correct Answer: ₹ 1548
Explanation:
Let the cost price of the shoes = ₹ x
According to the question,
2033 - x = x - 1063
⇒ 2x = 2033 + 1063 = 3096
∴ x = 3096/2 = ₹ 1548
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