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A profit of 10% is made after giving a d...

A profit of 10% is made after giving a discount of 5% in a T.V. If the marked price of the TV is 2640-00, the cost price of the TV was—

A

2396

B

2280

C

2296

D

2380

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the TV, we can follow these steps: ### Step 1: Calculate the Selling Price (SP) The marked price (MP) of the TV is given as ₹2640. Since a discount of 5% is given, we first need to calculate the selling price after the discount. \[ \text{Discount} = \text{MP} \times \frac{5}{100} = 2640 \times 0.05 = 132 \] Now, we subtract the discount from the marked price to find the selling price: \[ \text{Selling Price (SP)} = \text{MP} - \text{Discount} = 2640 - 132 = 2508 \] ### Step 2: Relate Selling Price to Cost Price We know that a profit of 10% is made on the cost price (CP). This means that the selling price can also be expressed in terms of the cost price: \[ \text{SP} = \text{CP} + \text{Profit} \] Since the profit is 10% of the cost price, we can write: \[ \text{Profit} = \text{CP} \times \frac{10}{100} = 0.1 \times \text{CP} \] Thus, we can express the selling price as: \[ \text{SP} = \text{CP} + 0.1 \times \text{CP} = 1.1 \times \text{CP} \] ### Step 3: Substitute the Selling Price Now we can substitute the selling price we calculated in Step 1 into this equation: \[ 2508 = 1.1 \times \text{CP} \] ### Step 4: Solve for Cost Price (CP) To find the cost price, we rearrange the equation: \[ \text{CP} = \frac{2508}{1.1} \] Calculating this gives: \[ \text{CP} = 2280 \] ### Conclusion The cost price of the TV was ₹2280. ---
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