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On selling a jug for ₹ 168, man loses 1/...

On selling a jug for ₹ 168, man loses `1/7` of his outlay. The cost price of the jug is

A

`₹144`

B

`₹192`

C

`₹196`

D

`₹172`

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the jug, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Selling Price (SP) and Loss Percentage**: - The selling price (SP) of the jug is given as ₹168. - The man incurs a loss of \( \frac{1}{7} \) of his outlay (cost price). 2. **Let the Cost Price (CP) be \( X \)**: - We will denote the cost price of the jug as \( X \). 3. **Calculate the Loss**: - The loss can be expressed as \( \frac{1}{7} \times X \). 4. **Use the Loss Formula**: - The formula for loss is: \[ \text{Loss} = \text{Cost Price} - \text{Selling Price} \] - Therefore, we can write: \[ \frac{1}{7}X = X - 168 \] 5. **Rearranging the Equation**: - Rearranging the equation gives: \[ X - \frac{1}{7}X = 168 \] 6. **Combine Like Terms**: - To combine the terms on the left side, we can express \( X \) as \( \frac{7}{7}X \): \[ \frac{7}{7}X - \frac{1}{7}X = 168 \] - This simplifies to: \[ \frac{6}{7}X = 168 \] 7. **Solve for \( X \)**: - To isolate \( X \), multiply both sides by \( \frac{7}{6} \): \[ X = 168 \times \frac{7}{6} \] 8. **Calculate the Value**: - First, calculate \( 168 \div 6 = 28 \). - Then, multiply by 7: \[ X = 28 \times 7 = 196 \] 9. **Conclusion**: - Therefore, the cost price of the jug is ₹196. ### Final Answer: The cost price of the jug is ₹196.
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