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The marked price of an article is 30% hi...

The marked price of an article is 30% higher than the cost price. If a tender sells the articles allowing 10% discount to customer, then the gain percent will be.

A

17

B

20

C

19

D

15

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Understand the relationship between Cost Price (CP) and Marked Price (MP) The marked price (MP) is given to be 30% higher than the cost price (CP). This can be expressed mathematically as: \[ MP = CP + 0.30 \times CP = 1.30 \times CP \] ### Step 2: Calculate the Selling Price (SP) after discount The article is sold at a 10% discount on the marked price. The selling price (SP) can be calculated as: \[ SP = MP - (10\% \text{ of } MP) \] This can be rewritten as: \[ SP = MP \times (1 - 0.10) = MP \times 0.90 \] Substituting the expression for MP from Step 1: \[ SP = (1.30 \times CP) \times 0.90 = 1.17 \times CP \] ### Step 3: Calculate the Gain The gain can be calculated by subtracting the cost price from the selling price: \[ \text{Gain} = SP - CP = (1.17 \times CP) - CP = 0.17 \times CP \] ### Step 4: Calculate the Gain Percent To find the gain percent, we use the formula: \[ \text{Gain Percent} = \left( \frac{\text{Gain}}{\text{CP}} \right) \times 100 \] Substituting the gain from Step 3: \[ \text{Gain Percent} = \left( \frac{0.17 \times CP}{CP} \right) \times 100 = 17\% \] ### Conclusion Thus, the gain percent when selling the article is **17%**. ---
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