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A man purchased a bedsheet for Rs. 450 a...

A man purchased a bedsheet for Rs. 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was

A

460

B

475

C

480

D

500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the logic presented in the video transcript. ### Step 1: Understand the Problem We need to find the selling price of a bedsheet that was purchased for Rs. 450 and sold at a gain of 10% calculated on the selling price. **Hint:** Identify the cost price and the percentage gain. ### Step 2: Define the Selling Price Let the selling price be represented as \( SP \). According to the problem, the gain is 10% of the selling price. Therefore, we can express the gain as: \[ \text{Gain} = 10\% \text{ of } SP = \frac{10}{100} \times SP = 0.1 \times SP \] **Hint:** Use a variable to represent the selling price for easier calculations. ### Step 3: Relate Cost Price, Selling Price, and Gain The relationship between cost price (CP), selling price (SP), and profit (gain) can be expressed as: \[ \text{Gain} = SP - CP \] Substituting the values we have: \[ 0.1 \times SP = SP - 450 \] **Hint:** Set up an equation that relates the selling price to the cost price using the gain. ### Step 4: Rearrange the Equation Now, rearranging the equation gives: \[ SP - 0.1 \times SP = 450 \] This simplifies to: \[ 0.9 \times SP = 450 \] **Hint:** Combine like terms to isolate the selling price. ### Step 5: Solve for Selling Price To find \( SP \), divide both sides by 0.9: \[ SP = \frac{450}{0.9} \] Calculating this gives: \[ SP = 500 \] **Hint:** Perform the division carefully to find the selling price. ### Conclusion The selling price of the bedsheet is Rs. 500. **Final Answer:** Rs. 500
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KIRAN PUBLICATION-PROFIT AND LOSS -TEST YOURSELF
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