Solution:Let weight of pieces be 2x and 3x.The total weight of statue before breaking = 2x + 3x = 5x
The cost of initial piece = (5x)³ = 125x³
Now, let us find the cost of pieces after breaking weight of pieces = P₁ = 2x
Cost of P₁ = (2x)³ = 8x³
Weight of piece = P₂ = 3x
Cost of P₂ = (3x)³ = 27x³
Total cost of all pieces = 8x³ + 27x³ = 35x³
When the gold price cost ₹1000
⇒ 125x³ = 1000
⇒ x³ = 8
The price of golden piece sold = 35x³
= 35 × 8 = ₹280
The loss = 1000 - 280 - ₹ 720
∴ The loss incurred is ₹ 720.