Home
Class 14
MATHS
The difference between the selling price...

The difference between the selling prices of a chair at profits 10% and 14% is Rs 27. What is the cost price of the chair?
A)Rs 586
B)Rs 440
C)Rs 880
D)Rs 675

A

Rs 586

B

Rs 440

C

Rs 880

D

Rs 675

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the cost price of a chair given that the difference between the selling prices at a profit of 10% and 14% is Rs 27. ### Step-by-Step Solution: 1. **Define the Cost Price (CP)**: Let the cost price of the chair be \( CP \). 2. **Calculate Selling Prices**: - Selling Price at 10% profit: \[ SP_{10} = CP + 10\% \text{ of } CP = CP + 0.10 \times CP = 1.10 \times CP \] - Selling Price at 14% profit: \[ SP_{14} = CP + 14\% \text{ of } CP = CP + 0.14 \times CP = 1.14 \times CP \] 3. **Find the Difference in Selling Prices**: According to the problem, the difference between the two selling prices is Rs 27: \[ SP_{14} - SP_{10} = 27 \] Substituting the expressions for \( SP_{10} \) and \( SP_{14} \): \[ (1.14 \times CP) - (1.10 \times CP) = 27 \] 4. **Simplify the Equation**: \[ (1.14 - 1.10) \times CP = 27 \] \[ 0.04 \times CP = 27 \] 5. **Solve for Cost Price (CP)**: \[ CP = \frac{27}{0.04} \] \[ CP = 675 \] Thus, the cost price of the chair is **Rs 675**. ### Final Answer: The cost price of the chair is **Rs 675** (Option D).
Promotional Banner

Similar Questions

Explore conceptually related problems

The difference between the selling prices of an article at profits 5% and 10% is Rs 30. What will be the cost price of the article ? A)Rs 600 B)Rs 1200 C)Rs 500 D)Rs 900

The difference between the selling prices of an item at a profit of 9% and 7% was Rs 190. Find the cost price of the item.

If the difference between selling a shirt at a profit of 10%" and "15%" is Rs. "10" then the cost price is

The cash difference between the selling price of an article at a profit of 8% and 10% is Rs.3. The ratio of two selling prices is:

By selling an article for Rs 660 there is a profit of 10%. What is the cost price (in Rs) of the article?

The cash difference between the selling price of an article at a profit of 2% and 14% is Rs. 4. The ratio of two selling prices is : A. 17 : 19 B. 17 : 20 C. 19 : 20 D. 17 : 53

A man sells a product for Rs 333 with a profit of 10%. What is the cost price of the product ?