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An article is sold at a loss of 10%. Had...

An article is sold at a loss of 10%. Had it been sold for Rs.90 more, there would have been a gain of 5%. The original sale price of the article (inRs. ) is

A

650

B

540

C

600

D

628

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Define the Variables Let the cost price (CP) of the article be Rs. \( x \). ### Step 2: Determine the Selling Price at a Loss of 10% When the article is sold at a loss of 10%, the selling price (SP) can be calculated as: \[ SP = CP - (10\% \text{ of } CP) = x - 0.1x = 0.9x \] ### Step 3: Determine the Selling Price for a Gain of 5% If the article had been sold for Rs. 90 more, there would have been a gain of 5%. Therefore, the new selling price would be: \[ SP_{new} = SP + 90 = 0.9x + 90 \] And this selling price can also be expressed in terms of the cost price: \[ SP_{new} = CP + (5\% \text{ of } CP) = x + 0.05x = 1.05x \] ### Step 4: Set Up the Equation Now we can set the two expressions for the new selling price equal to each other: \[ 0.9x + 90 = 1.05x \] ### Step 5: Solve the Equation Rearranging the equation gives: \[ 90 = 1.05x - 0.9x \] \[ 90 = 0.15x \] Now, divide both sides by 0.15 to find \( x \): \[ x = \frac{90}{0.15} = 600 \] ### Step 6: Calculate the Original Selling Price Now that we have the cost price, we can find the original selling price when sold at a loss of 10%: \[ SP = 0.9x = 0.9 \times 600 = 540 \] ### Final Answer The original sale price of the article is Rs. **540**. ---
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