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On selling fan for ₹2585 a man gains 1/1...

On selling fan for ₹2585 a man gains `1/10` of its cost price. Find the cost price of the fan.

A

Rs. 2550

B

Rs. 2450

C

Rs. 2350

D

Rs. 2650

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the fan, we can follow these steps: ### Step 1: Define the variables Let the cost price of the fan be \( X \). ### Step 2: Understand the selling price and gain The selling price (SP) of the fan is given as ₹2585. The gain is \( \frac{1}{10} \) of the cost price, which can be expressed as: \[ \text{Gain} = \frac{1}{10} \times X \] ### Step 3: Set up the equation for gain According to the formula for gain: \[ \text{Gain} = \text{Selling Price} - \text{Cost Price} \] We can substitute the known values into this equation: \[ \frac{1}{10}X = 2585 - X \] ### Step 4: Rearrange the equation To solve for \( X \), we first add \( X \) to both sides: \[ \frac{1}{10}X + X = 2585 \] This can be rewritten as: \[ \frac{1}{10}X + \frac{10}{10}X = 2585 \] Combining the terms gives: \[ \frac{11}{10}X = 2585 \] ### Step 5: Solve for \( X \) To isolate \( X \), multiply both sides by \( \frac{10}{11} \): \[ X = 2585 \times \frac{10}{11} \] ### Step 6: Calculate the cost price Now, we perform the multiplication: \[ X = \frac{25850}{11} \] Calculating this gives: \[ X = 2350 \] ### Conclusion The cost price of the fan is ₹2350. ---
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