Question

10. A man gains 20% by selling Apples at a certain price. If he sells it at Rs. 1.2 higher than the previous price he gains
40%. Find the original cost price.
(a) Rs. 5
(b) Rs. 8
(C) Rs. 6
(d) None of these

Answer 1

The original cost price is (C) Rs. 6.

Step-by-step explanation:

Consider the provided information.

Let the cost price of apples are x.

A man gains 20% by selling Apples at a certain price.

Therefore the selling price must be x+20% of x

Selling price of apple is: 1.2x

If he sells it at Rs. 1.2 more than the previous price he gains 40%.

New selling price is: 1.2x+1.2

$profit\%=\frac{SP-CP}{CP}\times 100$

$0.40=\frac{1.2x+1.2-x}{x}$

$0.40x=0.2x+1.2$

$x=6$

Hence, the original cost price is (C) Rs. 6.

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