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A shopkeeper sells an article at a loss ...

A shopkeeper sells an article at a loss of `12(1)/(2)%`. Had he sold it for Rs. `51.80` more than he would have earned a profit of `6%`. The cost price of the article is

A

Rs. 280

B

Rs. 300

C

Rs. 380

D

Rs. 400

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The correct Answer is:
To find the cost price of the article, we will follow these steps: ### Step 1: Understand the Loss and Profit Percentages The shopkeeper sells the article at a loss of \(12.5\%\). This means that the selling price (SP) is \(87.5\%\) of the cost price (CP). ### Step 2: Set Up the Equations Let the cost price be \(X\). - Selling Price at a loss of \(12.5\%\): \[ SP = X - \left(\frac{12.5}{100} \times X\right) = 0.875X \] If he had sold it for Rs. \(51.80\) more, he would have made a profit of \(6\%\). This means the new selling price would be \(106\%\) of the cost price: - Selling Price at a profit of \(6\%\): \[ SP' = X + \left(\frac{6}{100} \times X\right) = 1.06X \] ### Step 3: Relate the Two Selling Prices According to the problem, the difference between the new selling price and the current selling price is Rs. \(51.80\): \[ 1.06X - 0.875X = 51.80 \] ### Step 4: Simplify the Equation Now, simplify the left side: \[ (1.06 - 0.875)X = 51.80 \] \[ 0.185X = 51.80 \] ### Step 5: Solve for Cost Price (X) To find \(X\), divide both sides by \(0.185\): \[ X = \frac{51.80}{0.185} \] Calculating this gives: \[ X = 280 \] ### Conclusion The cost price of the article is Rs. \(280\). ---
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S CHAND IIT JEE FOUNDATION-PROFIT AND LOSS AND DISCOUNT -SECTION - A (Question Bank - 11(a))
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  9. A person sells a table at a profit of 20%. If he had bought it at 10% ...

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  10. The percentage of loss when an article is sold at Rs. 50 is the same a...

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  11. In what ratio must a grocer mix teas at Rs. 60 a kg, and Rs. 65 a kg, ...

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  12. A tradesman sold an article at a loss of 20%. If the selling price had...

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  13. A man bought two goats for Rs. 1008. He sold one at a loss of 20% and ...

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  14. Two-thirds of a consignment was sold at a profit of 6% and the rest...

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  15. A man sells two horses for Rs. 1485. The cost price of the first is eq...

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  16. A trader purchases a watch and a wall clock for Rs.390. He sells th...

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  17. The profit earned by selling an article for Rs. 900 is double the l...

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  18. A person A sells a table costing Rs. 2000 to a person B and earns a pr...

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  19. Sanjay sold a bicycle to Salman at 46% profit. Salman spent Rs. 40 on ...

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  20. In a certain store, the profit is 320% of the cost. If the cost inc...

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