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Each of A and B sold their article at ₹ ...

Each of A and B sold their article at ₹ 1818 but A incurred a loss of `10%` while B gained by `1%`. What is the ratio of cost price of the articles of A to that of B?

A

101:90

B

85:89

C

81:75

D

none of these

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the cost prices of articles A and B based on the information given about their selling prices and the profit/loss percentages. ### Step 1: Understand the Selling Price (SP) Both A and B sold their articles at the same selling price (SP) of ₹1818. ### Step 2: Calculate the Cost Price (CP) of A A incurred a loss of 10%. This means that the selling price is 90% of the cost price. We can express this mathematically as: \[ SP_A = CP_A \times \left(1 - \frac{10}{100}\right) \] \[ 1818 = CP_A \times 0.90 \] Now, we can solve for \( CP_A \): \[ CP_A = \frac{1818}{0.90} \] \[ CP_A = 2020 \] ### Step 3: Calculate the Cost Price (CP) of B B gained a profit of 1%. This means that the selling price is 101% of the cost price. We can express this mathematically as: \[ SP_B = CP_B \times \left(1 + \frac{1}{100}\right) \] \[ 1818 = CP_B \times 1.01 \] Now, we can solve for \( CP_B \): \[ CP_B = \frac{1818}{1.01} \] \[ CP_B \approx 1800 \] ### Step 4: Find the Ratio of Cost Prices Now we need to find the ratio of the cost price of A to the cost price of B: \[ \text{Ratio} = \frac{CP_A}{CP_B} = \frac{2020}{1800} \] To simplify this ratio, we can divide both numbers by 20: \[ \text{Ratio} = \frac{101}{90} \] ### Final Answer The ratio of the cost price of the articles of A to that of B is \( 101:90 \). ---
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