a man sells an article at 10% gain for Rs 275. what is the cost price?
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Answer:
Rs. 250
Step-by-step explanation:
Let the CP be Rs. x
⇒ Profit % = ( Profit / CP ) × 100
Profit = SP - CP
According to the question,
SP = Rs. 275 and CP = Rs. x, Profit % = 10%
Substituting the values we get,
⇒ 10% = ( 275 - x ) × 100 / x
⇒ 10 × x = 27500 - 100x
⇒ 10x = 27500 - 100x
⇒ 10x + 100x = 110x = 27500
⇒ 11x = 2750
⇒ x = 2750 / 11 = 250
Hence the Cost price of the article is Rs. 250.
Hope it helped !!
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