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An article is sold at 10% profit instead of 10% loss, the man gains Rs. 20 more. What is the cost price (in Rs.) of that article?1). 502). 1003). 2004). 400 |
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Answer» Let the Cost PRICE of article be x Gain = 10% Selling price of article = x + (10/100) × x = 1.1x Now the article is SOLD at loss Loss = 10% Selling price of article = x - (10/100) × x = 0.9x The DIFFERENCE between the selling prices is Rs. 20 1.1x - 0.9x = 20 0.2x = 20 ⇒ x = Rs. 100 Cost price of article is Rs. 100 |
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