If an article is sold for Rs. X, the
profit is 10% and if the price is
reduced by Rs. 88, the loss is
10%. Find the cost price of the
article.
a. 440
b. 400
c. 444
d. 800
Answers
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The cost price of the article is Rs. 440.
Price of the article = x (Given)
Profit = 10% (Given)
Reduction in price = Rs. 88 (Given)
Let the cost price of article be = c
Therefore,
110c/100 = x --- eq 1
90c/100 = x - 88 --- eq 2
Subtracting equation 1 and 2
110c/100 = x - 90c/100 = x - 88
= 20c/ 100 = 88
c = 440
Therefore, the cost price of the article is Rs. 440.
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