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?
A. 550 B. 450 C. 350 D. 150
Correct Answer: 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.
