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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 90 more, there would have been a gain of 59. The original sale price of the article (in) :

A

540

B

600

C

628

D

650

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The correct Answer is:
To solve the problem step by step, we will denote the cost price (CP) of the article as \( CP \). ### Step 1: Understand the Loss Percentage The article is sold at a loss of 10%. This means that the selling price (SP) is 90% of the cost price. \[ SP = CP \times \frac{90}{100} = 0.9 \times CP \] **Hint:** Remember that a loss of 10% means you are selling the article for 90% of its cost price. ### Step 2: Set Up the Equation for Selling Price with Gain If the article were sold for 90 rupees more, there would be a gain of 59 rupees. This means the new selling price (SP') would be: \[ SP' = SP + 90 \] Since this new selling price gives a profit of 59 rupees, we can express it as: \[ SP' = CP + 59 \] **Hint:** When calculating profit, the selling price is equal to the cost price plus the profit amount. ### Step 3: Substitute the Selling Price Now, we can substitute \( SP \) from Step 1 into the equation for \( SP' \): \[ SP + 90 = CP + 59 \] Substituting \( SP = 0.9 \times CP \): \[ 0.9 \times CP + 90 = CP + 59 \] **Hint:** This is a crucial step where you combine the information about the selling price and the profit. ### Step 4: Rearranging the Equation Now, let's rearrange the equation to isolate \( CP \): \[ 0.9 \times CP + 90 - CP = 59 \] This simplifies to: \[ -0.1 \times CP + 90 = 59 \] Now, subtract 90 from both sides: \[ -0.1 \times CP = 59 - 90 \] \[ -0.1 \times CP = -31 \] **Hint:** When isolating variables, make sure to perform the same operation on both sides of the equation. ### Step 5: Solve for Cost Price Now, divide both sides by -0.1 to find \( CP \): \[ CP = \frac{-31}{-0.1} = 310 \] **Hint:** Dividing by a negative number will change the sign, so be careful with your signs. ### Step 6: Calculate the Original Selling Price Now that we have the cost price, we can find the original selling price: \[ SP = 0.9 \times CP = 0.9 \times 310 = 279 \] **Hint:** To find the selling price at a loss, multiply the cost price by the percentage that represents the selling price. ### Final Answer The original selling price of the article is: \[ \boxed{279} \]
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KIRAN PUBLICATION-PROFIT AND LOSS -TYPE-VII
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