A trader sells an article for $600, gaining 1/10 of his outlay. Find the cost price of the article
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Answered by
2
Answer:
A trader sells an article for $600, gaining 1/10 of his outlay. The cost price of the article is approximately $545.45
Step-by-step explanation:
Let the cost price of the article be x.
The profit is 1/10 of the cost price.
Therefore, the profit or the gain = 1/10x
The trader sells the item at $600.
The selling price = cost price + profit
this equals to:
Selling price = x + 1/10x = 1.1 x
We need to equate the two as follows:
1.1 x = $600
x is approximately $545.45
Therefore, the cost price of the article is approximately $545.45
Answered by
2
Answer:
Answer is Rs 540
Step by step explanation:
A trader sells an article=Rs 600
Gain=1/10= 10
=600÷10=60
Now:
600-60=540
Therefore, The cost price of the article =Rs 540..
Hop is hepls you
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