A man sold a book at a loss of 20%
If he had sold the book for z12
more, he would have gained 10%
find the cost price of the book.
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- SP (Loss %) = 20 %
- If he had sold the book at Rs 12 then he would have gained 10 %.
Cost price of the book = ?
Formula usEd :
- To solve this question you need to know the imp. formulas related to SP and CP !
- ∙ SP= 100100−L% ×CP: SP =100 + G %100
- SP= 100100+G%×CP
- • G% = Gain Percentage
- • L% = Loss Percentage
- • CP = Cost Price
- • SP = Selling Price
Let's proceed to the question now !!
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Let us assume that x be the Cost Price of the book,
According to Selling Price formula ,
- :⟹SP= 100100−L%×CP
- :⟹SP= 100 100−20% ×x
- :⟹SP= 10080×x
- :⟹SP=0.8x
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As it is given that, if he had sold the book at Rs 12 then he would have gained 10 %.
- :⟹ 100100+G% ×CP=0.8x+12
- :⟹ 100100+10×x=0.8x+12
- :⟹ 100110×x=0.8x+12
- :⟹1.1×x=0.8x+12
- :⟹12=1.1x−0.8x
- :⟹12=0.3x
- :⟹x= 0.3/12
- :⟹ Rs x=40 ★
Therefore, the Cost Price(CP) of the book is Rs 40 .
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