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A person purchases 90 clocks and sells 4...

A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is:

A

Rs. 50

B

Rs. 60

C

Rs, 80

D

Rs. 90

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will first define the variables and then calculate the cost price of each clock based on the given information. ### Step 1: Define the Variables Let the cost price of each clock be \( x \). ### Step 2: Calculate the Total Cost Price The total cost price for 90 clocks will be: \[ \text{Total Cost Price} = 90 \times x = 90x \] ### Step 3: Calculate Selling Price for 40 Clocks at 10% Gain For the 40 clocks sold at a gain of 10%, the selling price can be calculated as: \[ \text{Selling Price of 40 clocks} = \text{Cost Price} + \text{Gain} = 40x + 0.10 \times 40x = 40x + 4x = 44x \] ### Step 4: Calculate Selling Price for 50 Clocks at 20% Gain For the 50 clocks sold at a gain of 20%, the selling price is: \[ \text{Selling Price of 50 clocks} = \text{Cost Price} + \text{Gain} = 50x + 0.20 \times 50x = 50x + 10x = 60x \] ### Step 5: Calculate Total Selling Price Now, we can calculate the total selling price for all 90 clocks: \[ \text{Total Selling Price} = \text{Selling Price of 40 clocks} + \text{Selling Price of 50 clocks} = 44x + 60x = 104x \] ### Step 6: Calculate Selling Price if Sold at Uniform Profit of 15% If all clocks were sold at a uniform profit of 15%, the selling price would be: \[ \text{Selling Price at 15% profit} = \text{Total Cost Price} + \text{Gain} = 90x + 0.15 \times 90x = 90x + 13.5x = 103.5x \] ### Step 7: Set Up the Equation According to the problem, if he sold all clocks at a uniform profit of 15%, he would have received Rs. 40 less than the actual selling price. Therefore, we can set up the equation: \[ 104x = 103.5x + 40 \] ### Step 8: Solve for \( x \) Now, we can solve for \( x \): \[ 104x - 103.5x = 40 \] \[ 0.5x = 40 \] \[ x = \frac{40}{0.5} = 80 \] ### Conclusion The cost price of each clock is: \[ \boxed{80} \]
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DISHA PUBLICATION-PROFIT, LOSS AND DISCOUNT-Practice Exercise (Standard Level)
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