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A dealer purchaed an article for Rs. 900...

A dealer purchaed an article for Rs. 900 fixes the list price in such a way that he gains 20% after allowing 10% discount, then the list price is :

A

Rs. 1180

B

Rs. 1080

C

Rs. 1200

D

RS. 1100

Text Solution

AI Generated Solution

The correct Answer is:
To find the list price of the article, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Cost Price (CP)**: The dealer purchased the article for Rs. 900. \[ \text{CP} = 900 \] 2. **Calculate the Selling Price (SP)**: The dealer wants to gain 20% on the cost price. To find the selling price, we calculate 20% of the cost price and add it to the cost price. \[ \text{Gain} = 20\% \text{ of } \text{CP} = \frac{20}{100} \times 900 = 180 \] \[ \text{SP} = \text{CP} + \text{Gain} = 900 + 180 = 1080 \] 3. **Determine the List Price (LP)**: The dealer allows a discount of 10% on the list price. If the list price is denoted as LP, then after allowing a 10% discount, the selling price can be expressed as: \[ \text{SP} = \text{LP} - 10\% \text{ of } \text{LP} = \text{LP} \times (1 - 0.10) = \text{LP} \times 0.90 \] Therefore, we can write: \[ 1080 = \text{LP} \times 0.90 \] 4. **Solve for the List Price (LP)**: To find the list price, we rearrange the equation: \[ \text{LP} = \frac{1080}{0.90} \] Now, calculate the value: \[ \text{LP} = \frac{1080 \times 100}{90} = \frac{108000}{90} = 1200 \] Thus, the list price of the article is Rs. 1200. ### Final Answer: \[ \text{List Price (LP)} = 1200 \]
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