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An article is sold at 20% loss. If the a...

An article is sold at 20% loss. If the article is sold Rs 100 more than the first S.P. then he get 15%o loss find out the selling price of the article when the profit is 25%.

A

Rs 2400

B

Rs 2100

C

Rs 2500

D

Rs 5000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, let's break it down step by step. ### Step 1: Define Variables Let the cost price (CP) of the article be \( x \). ### Step 2: Calculate the Selling Price at 20% Loss If the article is sold at a 20% loss, the selling price (SP1) can be calculated as: \[ SP1 = CP - (20\% \text{ of } CP) = x - 0.2x = 0.8x \] ### Step 3: Calculate the Selling Price at 15% Loss According to the problem, if the article is sold for Rs 100 more than the first selling price, the loss becomes 15%. Therefore, the new selling price (SP2) is: \[ SP2 = SP1 + 100 = 0.8x + 100 \] At 15% loss, the selling price can also be expressed as: \[ SP2 = CP - (15\% \text{ of } CP) = x - 0.15x = 0.85x \] ### Step 4: Set Up the Equation Now, we can set the two expressions for SP2 equal to each other: \[ 0.8x + 100 = 0.85x \] ### Step 5: Solve for x Rearranging the equation gives: \[ 100 = 0.85x - 0.8x \] \[ 100 = 0.05x \] \[ x = \frac{100}{0.05} = 2000 \] ### Step 6: Calculate the Selling Price for 25% Profit Now that we have the cost price \( x = 2000 \), we can find the selling price when there is a 25% profit: \[ SP = CP + (25\% \text{ of } CP) = x + 0.25x = 1.25x \] \[ SP = 1.25 \times 2000 = 2500 \] ### Final Answer The selling price of the article when the profit is 25% is **Rs 2500**. ---
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