A man was to sell his item. Selling it at 60,000 shillings would earn him a profit. Selling it at 45,000 shillings would lead him to a loss. If the profit is twice the loss, what was the cost price?

Let the cost price be x shillings.

Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price

Given:
Profit = 2 * Loss
60,000 - x = 2(x - 45,000)
60,000 - x = 2x - 90,000
3x = 150,000
x = 50,000

Therefore, the cost price of the item was 50,000 shillings.

Let the cost price be x shillings.

If the man sells the item for 60,000 shillings, his profit would be 60,000 - x shillings.

If he sells the item for 45,000 shillings, his loss would be x - 45,000 shillings.

According to the given information, the profit is twice the loss. Therefore, we can write the following equation:

60,000 - x = 2(x - 45,000)

Simplifying the equation:

60,000 - x = 2x - 90,000

Combining like terms:

3x = 150,000

Solving for x:

x = 50,000

Therefore, the cost price of the item was 50,000 shillings.