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An article is sold at a loss of 10%. Had...

An article is sold at a loss of 10%. Had it been sold for 9 more, there would have been a gain of 12 `1/2`% on it. The cost price of the article is:

A

A) 40

B

B) 45

C

C) 50

D

D) 35

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the reasoning provided in the video transcript. ### Step 1: Define the Cost Price Let's assume the cost price (CP) of the article is \( 100x \). **Hint:** Start by defining a variable for the cost price to make calculations easier. ### Step 2: Calculate the Selling Price at a Loss Since the article is sold at a loss of 10%, the selling price (SP1) can be calculated as: \[ SP1 = CP - 10\% \text{ of } CP = 100x - 10\% \text{ of } 100x = 100x - 10x = 90x \] **Hint:** Remember that selling at a loss means the selling price is less than the cost price. ### Step 3: Calculate the Selling Price for Profit If the article were sold for Rs 9 more, there would be a gain of \( 12.5\% \). The selling price (SP2) in this case would be: \[ SP2 = CP + 12.5\% \text{ of } CP = 100x + 12.5\% \text{ of } 100x = 100x + 12.5x = 112.5x \] **Hint:** When calculating profit, add the percentage of the cost price to the cost price itself. ### Step 4: Set Up the Equation According to the problem, the difference between the two selling prices is Rs 9: \[ SP2 - SP1 = 9 \] Substituting the values we calculated: \[ 112.5x - 90x = 9 \] **Hint:** This equation represents the relationship between the two selling prices and the additional amount. ### Step 5: Simplify the Equation Now, simplify the equation: \[ 22.5x = 9 \] **Hint:** Combine like terms to isolate the variable. ### Step 6: Solve for x To find the value of \( x \), divide both sides by 22.5: \[ x = \frac{9}{22.5} \] **Hint:** When dividing, ensure you simplify the fraction to find the value of \( x \). ### Step 7: Calculate the Cost Price Now we need to find the cost price: \[ CP = 100x = 100 \times \frac{9}{22.5} \] To simplify: \[ CP = \frac{900}{22.5} = 40 \] **Hint:** Multiply the simplified value of \( x \) by 100 to find the cost price. ### Final Answer The cost price of the article is Rs 40. **Hint:** Always check your answer against the options provided to ensure it matches.
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Knowledge Check

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