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If an article is sold at a gain of 5% In...

If an article is sold at a gain of 5% Instead of being sold at a loss of 5%, one gets 5 more. What is the cost price of the article?

A

100

B

3`

C

50

D

110

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Understand the Problem We know that selling the article at a gain of 5% gives us 5 more than selling it at a loss of 5%. We need to find the cost price (CP) of the article. ### Step 2: Define the Cost Price Let the cost price of the article be \( CP \). ### Step 3: Calculate Selling Prices 1. **Selling Price at 5% Gain**: \[ SP_{gain} = CP + 5\% \text{ of } CP = CP + 0.05 \times CP = 1.05 \times CP \] 2. **Selling Price at 5% Loss**: \[ SP_{loss} = CP - 5\% \text{ of } CP = CP - 0.05 \times CP = 0.95 \times CP \] ### Step 4: Set Up the Equation According to the problem, the difference between the selling price at gain and the selling price at loss is 5: \[ SP_{gain} - SP_{loss} = 5 \] Substituting the expressions we found: \[ 1.05 \times CP - 0.95 \times CP = 5 \] ### Step 5: Simplify the Equation Combine like terms: \[ (1.05 - 0.95) \times CP = 5 \] \[ 0.10 \times CP = 5 \] ### Step 6: Solve for Cost Price To find \( CP \), divide both sides by 0.10: \[ CP = \frac{5}{0.10} = 50 \] ### Conclusion The cost price of the article is \( \text{Rs. } 50 \). ---
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