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The difference between the selling price...

The difference between the selling prices of an article at a prof It of 15% and at a profit of 10% Is 10. The cost price of the article is

A

100

B

120

C

150

D

200

Text Solution

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The correct Answer is:
To solve the problem, we need to find the cost price (CP) of the article given that the difference between the selling prices (SP) at a profit of 15% and a profit of 10% is 10. ### Step-by-Step Solution: 1. **Define the Cost Price (CP)**: Let the cost price of the article be \( CP \). 2. **Calculate Selling Price at 15% Profit**: The selling price at a profit of 15% can be calculated as: \[ SP_{15} = CP + 15\% \text{ of } CP = CP + 0.15 \times CP = 1.15 \times CP \] 3. **Calculate Selling Price at 10% Profit**: The selling price at a profit of 10% can be calculated as: \[ SP_{10} = CP + 10\% \text{ of } CP = CP + 0.10 \times CP = 1.10 \times CP \] 4. **Set Up the Equation**: According to the problem, the difference between the selling prices at 15% and 10% profit is 10: \[ SP_{15} - SP_{10} = 10 \] Substituting the expressions for \( SP_{15} \) and \( SP_{10} \): \[ (1.15 \times CP) - (1.10 \times CP) = 10 \] 5. **Simplify the Equation**: \[ 1.15CP - 1.10CP = 10 \] \[ 0.05CP = 10 \] 6. **Solve for Cost Price (CP)**: To find \( CP \), divide both sides by 0.05: \[ CP = \frac{10}{0.05} = 200 \] ### Final Answer: The cost price of the article is \( \text{Rs. } 200 \). ---
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