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A man sold an article for र 322, gaining...

A man sold an article for र 322, gaining l/6th of his outlay. Find the cost price of the article.

A

र 300

B

र 376

C

र 175

D

र 276

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the article, we can follow these steps: ### Step-by-Step Solution: 1. **Identify Given Information:** - Selling Price (SP) = Rs. 322 - Profit = \( \frac{1}{6} \) of Cost Price (CP) 2. **Set Up the Profit Formula:** - Profit can be expressed as: \[ \text{Profit} = \text{SP} - \text{CP} \] - From the problem, we know: \[ \text{Profit} = \frac{1}{6} \times \text{CP} \] 3. **Equate the Two Expressions for Profit:** - We can set the two expressions for profit equal to each other: \[ \frac{1}{6} \times \text{CP} = \text{SP} - \text{CP} \] - Substitute SP with 322: \[ \frac{1}{6} \times \text{CP} = 322 - \text{CP} \] 4. **Rearrange the Equation:** - Move CP to one side: \[ \frac{1}{6} \times \text{CP} + \text{CP} = 322 \] - This can be rewritten as: \[ \frac{1}{6} \times \text{CP} + \frac{6}{6} \times \text{CP} = 322 \] - Combine the terms: \[ \frac{7}{6} \times \text{CP} = 322 \] 5. **Solve for CP:** - To find CP, multiply both sides by \( \frac{6}{7} \): \[ \text{CP} = 322 \times \frac{6}{7} \] - Calculate \( 322 \times 6 \): \[ 322 \times 6 = 1932 \] - Now divide by 7: \[ \text{CP} = \frac{1932}{7} = 276 \] 6. **Conclusion:** - The cost price of the article is Rs. 276. ### Final Answer: The cost price of the article is Rs. 276.
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