If an article is sold ata gain of 10%instead of aloss of 10% then diff

1.	If an article is sold ata gain of 10%instead of aloss of 10% then difference in selling price isRs. 55. What is the cost price of the article?A. Rs 275C. Rs. 31014'B. Rs. 288D. Rs. 290
Answer» Let the cost price of article be CPIf there is gain of 10%Then,SP1 = CP(1 + 10/100)SP1 = 11CP/10 If there is loss of 10%Then,SP2 = CP(1 - 10/100)SP2 = 9CP/10 As per given condition SP1 - SP2 = 5511CP/10 - 9CP/10 = 552CP = 55*10CP = 275 (A) is correct option

If an article is sold ata gain of 10%instead of aloss of 10% then difference in selling price isRs. 55. What is the cost price of the article?A. Rs 275C. Rs. 31014'B. Rs. 288D. Rs. 290

Answer»

Let the cost price of article be CPIf there is gain of 10%Then,SP1 = CP(1 + 10/100)SP1 = 11CP/10

If there is loss of 10%Then,SP2 = CP(1 - 10/100)SP2 = 9CP/10

As per given condition SP1 - SP2 = 5511CP/10 - 9CP/10 = 552CP = 55*10CP = 275

(A) is correct option