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On selling an article for Rs. 329, a dea...

On selling an article for Rs. 329, a dealer lost 6%. The cost price of the article is

A

Rs. 310.37

B

Rs. 348.74

C

Rs. 335

D

Rs. 350

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price (CP) of the article when the selling price (SP) is Rs. 329 and there is a loss of 6%, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Selling Price and Loss Percentage:** - Selling Price (SP) = Rs. 329 - Loss Percentage (L) = 6% 2. **Use the Formula for Selling Price:** The formula for selling price when there is a loss is: \[ SP = \left( \frac{100 - L}{100} \right) \times CP \] Here, we need to rearrange the formula to find the cost price (CP): \[ CP = \frac{SP \times 100}{100 - L} \] 3. **Substitute the Values:** Substitute the known values into the formula: \[ CP = \frac{329 \times 100}{100 - 6} \] This simplifies to: \[ CP = \frac{329 \times 100}{94} \] 4. **Calculate the Cost Price:** Now, perform the multiplication and division: \[ CP = \frac{32900}{94} \] 5. **Perform the Division:** To find the cost price, divide 32900 by 94: \[ CP = 350 \] ### Final Answer: The cost price of the article is Rs. 350. ---
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