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While selling an article for Rs. 18450, ...

While selling an article for Rs. 18450, a person suffered a loss of 50%. At what price he sould have sold the article (in Rs. ) to earn a profie of 50% ?

A

13837

B

52000

C

55350

D

56775

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Understand the given information We know that the selling price (SP) of the article is Rs. 18450 and the loss incurred is 50%. ### Step 2: Calculate the Cost Price (CP) The formula to calculate the cost price when there is a loss is: \[ \text{CP} = \frac{\text{SP} \times 100}{100 - \text{Loss Percentage}} \] Substituting the values: \[ \text{CP} = \frac{18450 \times 100}{100 - 50} \] \[ \text{CP} = \frac{18450 \times 100}{50} \] \[ \text{CP} = \frac{1845000}{50} \] \[ \text{CP} = 36900 \] ### Step 3: Determine the Selling Price for a Profit of 50% To find the selling price (SP) for a profit of 50%, we use the formula: \[ \text{SP} = \text{CP} \times \left(1 + \frac{\text{Profit Percentage}}{100}\right) \] Substituting the values: \[ \text{SP} = 36900 \times \left(1 + \frac{50}{100}\right) \] \[ \text{SP} = 36900 \times \left(1 + 0.5\right) \] \[ \text{SP} = 36900 \times 1.5 \] \[ \text{SP} = 55350 \] ### Final Answer Thus, the price at which he should have sold the article to earn a profit of 50% is **Rs. 55350**. ---
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