A salesman has the liberty to sell a hair dryer in his store at a price between Rs. 300 and Rs. 700. Profit earned by selling the hair dryer for Rs. 650 is twice the loss incurred when it is sold for Rs. 350 . What is the cost price of the hair dryer?
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Correct Answer: Option B
Explanation:
Going through the options, Taking Cost Price as Rs 450.
Profit \(=650-450=200\)
Loss \(=350-450=100\)learly profit is twice the loss incurred.
Hence, Rs 450 is the correct option.
Going through the options, Taking Cost Price as Rs 450.
Profit \(=650-450=200\)
Loss \(=350-450=100\)learly profit is twice the loss incurred.
Hence, Rs 450 is the correct option.