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A man loses 10% by selling an article fo...

A man loses 10% by selling an article for Rs. 180. At what price should he sell it to gain 10%?

A

?220

B

X 217.80

C

X 200

D

X 216

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the cost price of the article first and then determine the selling price required to achieve a 10% gain. ### Step 1: Determine the Cost Price (CP) Given that the man sells the article for Rs. 180 and incurs a loss of 10%, we can use the formula for calculating the cost price when there is a loss: \[ \text{Cost Price (CP)} = \frac{100}{100 - \text{Loss Percentage}} \times \text{Selling Price (SP)} \] Substituting the values: \[ \text{CP} = \frac{100}{100 - 10} \times 180 \] \[ \text{CP} = \frac{100}{90} \times 180 \] Calculating this: \[ \text{CP} = \frac{100 \times 180}{90} = \frac{18000}{90} = 200 \] So, the cost price of the article is Rs. 200. ### Step 2: Calculate the Selling Price for a 10% Gain Next, we need to find the selling price that would give a 10% gain on the cost price. The formula for calculating the selling price when there is a gain is: \[ \text{Selling Price (SP)} = \left( \frac{100 + \text{Gain Percentage}}{100} \right) \times \text{Cost Price (CP)} \] Substituting the values: \[ \text{SP} = \left( \frac{100 + 10}{100} \right) \times 200 \] \[ \text{SP} = \left( \frac{110}{100} \right) \times 200 \] Calculating this: \[ \text{SP} = 1.1 \times 200 = 220 \] Thus, to gain 10%, the man should sell the article for Rs. 220. ### Final Answer: The selling price to gain 10% is Rs. 220. ---
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ARIHANT SSC-PROFIT AND LOSS-EXERCISE BASE LEVEL QUESTIONS
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  13. A trader buys some goods for र 150. If the overhead expenses be 12% of...

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  14. A person sold an article from ₹ 3600 and got a profit of20%. Had he so...

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  15. Meera purchased 23 bracelets at the rate of ₹ 160 per bracelet. At wha...

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  16. Neeta got profit of 10% on selling an article in Rs. 220. To get the p...

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  17. Niraj incurred a loss of 55 per cent on selling an article for Rs. 9,5...

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  18. Find the loss percentage when the cost price and selling price of an ...

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  19. A shopkeeper sells eggs at 20 for a rupee gaining 30%. How many eggs d...

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