A shopkeeper sells an article for Rs 350 and earns twice the profit that he would have earned on selling this article for Rs 300. Find the C.P of this article (in Rs).
ATQ, the shopkeeper earns the twice profit that he would have earned had he sold it for Rs 300. Profit% = 2 (profit %) S.P - C.P = 2 x (S.P - C.P) Let C.P = x 350 - x = 2 x (300 - x) 350 - x = 600 - 2x x= 600 - 350 x= 250 Hence, the cost price of the article = 250
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