InterviewSolution
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An Article Was Sold At A Loss Of 5%.if It Were Sold For Rs. 30 More ,the Gain Would Have Been 1.25%. The Cost Price Of The Article Is? |
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Answer» Let, cost price of the article = RS.100x Then selling price = 5% loss of Cost price = C.P - loss = 100x - (5/100)*100x = 100x - 5x = 95x => selling price = 95x But if he sold the product for Rs.30 more, ==> his PROFIT is 1.25%. In this case his selling price = 100x + (1.25/100) * 100x = 100x + 1.25x = 101.25x => selling price = 101.25x Difference in two selling prices = Rs.30 => 101.25x - 95x = Rs.30 => 6.25x = Rs.30 => x = Rs.30 / 6.25 => x = Rs.4.8 --->Substitutingin cost price, we get Cost Price of the article = Rs. 100x = Rs. 100 * 4.8 = Rs. 480 Therefore, Cost Price of the article = Rs. 480. Let, cost price of the article = Rs.100x Then selling price = 5% loss of Cost price = C.P - loss = 100x - (5/100)*100x = 100x - 5x = 95x => selling price = 95x But if he sold the product for Rs.30 more, ==> his profit is 1.25%. In this case his selling price = 100x + (1.25/100) * 100x = 100x + 1.25x = 101.25x => selling price = 101.25x Difference in two selling prices = Rs.30 => 101.25x - 95x = Rs.30 => 6.25x = Rs.30 => x = Rs.30 / 6.25 => x = Rs.4.8 --->Substitutingin cost price, we get Cost Price of the article = Rs. 100x = Rs. 100 * 4.8 = Rs. 480 Therefore, Cost Price of the article = Rs. 480. |
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