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If an article is sold at 5% profit inste...

If an article is sold at 5% profit instead of 5% loss then he receives 20 more than the first price. Find out the C.P. of the thing.

A

Rs 200

B

Rs 210

C

Rs 100

D

Rs 400

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the cost price (C.P.) of the article based on the information given about the selling prices at different profit and loss percentages. ### Step-by-Step Solution: 1. **Let the Cost Price (C.P.) be denoted as \( x \)**. 2. **Calculate the Selling Price (S.P.) at 5% profit**: \[ \text{S.P. at 5% profit} = x + 0.05x = 1.05x \] 3. **Calculate the Selling Price (S.P.) at 5% loss**: \[ \text{S.P. at 5% loss} = x - 0.05x = 0.95x \] 4. **According to the problem, the difference between the selling prices at 5% profit and 5% loss is 20**: \[ 1.05x - 0.95x = 20 \] 5. **Simplify the equation**: \[ 0.10x = 20 \] 6. **Solve for \( x \)**: \[ x = \frac{20}{0.10} = 200 \] 7. **Conclusion**: The Cost Price (C.P.) of the article is \( \text{Rs. } 200 \). ### Final Answer: The Cost Price of the article is Rs. 200. ---
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