A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for 132 rupees less, he would have still gained 10%. What is the cost price of the article ?
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Question:
A man sells an article at a gain of 10%.
If he had bought it at 10% less and solid it for 132 less rupees. He would have still gained 10%. What is the cost of the article ?
To find ?
Cost of the article.
Answer:
Let the cost price (C.P.) be x rupees.
Gain = 10%
Selling Price (S.P.) = 110x/100,
New C.P. = 90x/10
New S.P. = 110% of 9x/10
= 99x/100,
11x/10 – 99x/100 = 132
=> 11x/100 = 132
=> x = (132 × 100)/11 = 1200 rupees.
Hence, the cost price of the article is 1200 rupees.
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