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By giving a discount of 10% on the marke...

By giving a discount of 10% on the marked price of Rs. 1100 of a cycle, a dealer galns 10%. The cost price of the cycle is :

A

Rs. 1100

B

Rs. 900

C

Rs. 1089

D

Rs. 891

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the information given in the question. ### Step 1: Identify the Marked Price and Discount The marked price of the cycle is given as Rs. 1100, and the discount offered is 10%. **Hint:** Remember that the marked price is the original price before any discounts are applied. ### Step 2: Calculate the Discount Amount To find the discount amount, we calculate 10% of the marked price: \[ \text{Discount} = \frac{10}{100} \times 1100 = 110 \] **Hint:** To find a percentage of a value, multiply the percentage (as a fraction) by the total value. ### Step 3: Calculate the Selling Price Now, we subtract the discount from the marked price to find the selling price: \[ \text{Selling Price} = \text{Marked Price} - \text{Discount} = 1100 - 110 = 990 \] **Hint:** The selling price is what the customer pays after the discount is applied. ### Step 4: Understand the Gain Percentage The dealer gains 10% on the cost price. If we let the cost price be \( CP \), then the selling price can be expressed in terms of the cost price: \[ \text{Selling Price} = CP + 10\% \text{ of } CP = CP + \frac{10}{100} \times CP = 1.1 \times CP \] **Hint:** A gain of 10% means the selling price is 110% of the cost price. ### Step 5: Set Up the Equation From the previous step, we know the selling price is Rs. 990. Therefore, we can set up the equation: \[ 990 = 1.1 \times CP \] **Hint:** This equation allows us to find the cost price by isolating \( CP \). ### Step 6: Solve for the Cost Price To find \( CP \), we divide both sides of the equation by 1.1: \[ CP = \frac{990}{1.1} = 900 \] **Hint:** When dividing by a decimal, it can be helpful to convert it to a fraction or multiply both the numerator and denominator by 10 to simplify. ### Conclusion The cost price of the cycle is Rs. 900. **Final Answer:** Rs. 900
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