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When an article is sold for Rs. 21.12, t...

When an article is sold for Rs. 21.12, there is a loss of 4%. What is the cost price of the article?

A

A. Rs. 26.10

B

B. Rs. 43

C

C. Rs. 43.20

D

D. Rs. 22

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The correct Answer is:
To find the cost price of the article when it is sold for Rs. 21.12 with a loss of 4%, we can follow these steps: ### Step 1: Understand the relationship between Selling Price (SP), Cost Price (CP), and Loss. When there is a loss, the selling price is less than the cost price. The formula to calculate the selling price when there is a loss is: \[ SP = CP - \text{Loss} \] or \[ SP = CP \times \left(1 - \frac{\text{Loss \%}}{100}\right) \] ### Step 2: Set up the equation using the given values. Given that the selling price (SP) is Rs. 21.12 and the loss percentage is 4%, we can express the cost price (CP) as: \[ 21.12 = CP \times \left(1 - \frac{4}{100}\right) \] This simplifies to: \[ 21.12 = CP \times 0.96 \] ### Step 3: Solve for the Cost Price (CP). To find CP, we can rearrange the equation: \[ CP = \frac{21.12}{0.96} \] ### Step 4: Calculate the Cost Price. Now, we perform the division: \[ CP = \frac{21.12}{0.96} = 22 \] ### Conclusion: The cost price of the article is Rs. 22. ---
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MAHENDRA-PROFIT AND LOSS -EXERCISE (PROFIT AND LOSS)
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  15. A man gains 20% by selling an article for a certain price. If he sells...

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