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On selling an article for ₹ 576 a trader...

On selling an article for ₹ 576 a trader loses `4%`. In order to gain `4(1)/6%`, he must sell that article for:

A

₹ 636

B

₹ 676

C

₹ 625

D

can't be determined

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The correct Answer is:
To solve the problem step by step, we will follow the given information and apply the concepts of profit, loss, and percentage calculations. ### Step 1: Understand the Selling Price and Loss We know that the selling price (SP) of the article is ₹576 and the trader incurs a loss of 4%. **Hint:** Remember that a loss percentage means the selling price is less than the cost price. ### Step 2: Calculate the Cost Price (CP) Since there is a 4% loss, the selling price is 96% of the cost price (CP). We can express this relationship mathematically as: \[ SP = CP \times \left(1 - \frac{Loss\%}{100}\right) \] Substituting the values we have: \[ 576 = CP \times \left(1 - \frac{4}{100}\right) \] \[ 576 = CP \times 0.96 \] **Hint:** To find CP, you need to isolate it on one side of the equation. ### Step 3: Solve for CP Now, we can rearrange the equation to find CP: \[ CP = \frac{576}{0.96} \] Calculating this gives: \[ CP = 600 \] **Hint:** When dividing, ensure you perform the division accurately to avoid mistakes. ### Step 4: Determine the Desired Profit Percentage Next, we need to find the selling price that would give a profit of \(4\frac{1}{6}\%\). This can be converted to an improper fraction: \[ 4\frac{1}{6}\% = \frac{25}{6}\% \] **Hint:** Converting mixed numbers to improper fractions can simplify calculations. ### Step 5: Calculate the New Selling Price for Desired Profit To find the new selling price (SP') that gives a profit of \(\frac{25}{6}\%\), we use the formula: \[ SP' = CP \times \left(1 + \frac{Profit\%}{100}\right) \] Substituting the values: \[ SP' = 600 \times \left(1 + \frac{25}{6 \times 100}\right) \] Calculating the profit percentage: \[ SP' = 600 \times \left(1 + \frac{25}{600}\right) \] \[ SP' = 600 \times \left(1 + 0.04167\right) \] \[ SP' = 600 \times 1.04167 \] **Hint:** Make sure to add the profit percentage correctly to 1. ### Step 6: Final Calculation Now, calculating the final selling price: \[ SP' = 600 \times 1.04167 \approx 625 \] **Hint:** Rounding off the final answer is important to match the context of the problem. ### Conclusion Thus, the trader must sell the article for **₹625** to achieve the desired profit of \(4\frac{1}{6}\%\).
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