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Ankita sold her text book for a loss of ...

Ankita sold her text book for a loss of 15%. If she would have sold the textbook for an increased price of Rs 150, there would have been gain of 10%. What was the cost price of the text book?
(a)Rs 500
(b)Rs 900
(c)Rs 400
(d)Rs 600

A

Rs 500

B

Rs 900

C

Rs 400

D

Rs 600

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of Ankita's textbook, we can follow these steps: ### Step 1: Define the Cost Price Let the cost price (CP) of the textbook be represented as \( x \). ### Step 2: Calculate Selling Price at Loss Ankita sold the textbook at a loss of 15%. Therefore, the selling price (SP) at this loss can be calculated as: \[ SP = CP - (15\% \text{ of } CP) = x - 0.15x = 0.85x \] ### Step 3: Calculate Selling Price at Gain If Ankita had sold the textbook for an increased price of Rs 150, she would have made a gain of 10%. Therefore, the new selling price (SP) can be calculated as: \[ SP = CP + (10\% \text{ of } CP) = x + 0.10x = 1.10x \] Since this selling price is also equal to the previous selling price plus Rs 150, we can write: \[ 0.85x + 150 = 1.10x \] ### Step 4: Solve for x Now, we can rearrange the equation to isolate \( x \): \[ 150 = 1.10x - 0.85x \] \[ 150 = 0.25x \] To find \( x \), divide both sides by 0.25: \[ x = \frac{150}{0.25} = 150 \times 4 = 600 \] ### Conclusion The cost price of the textbook is \( \text{Rs } 600 \). ### Final Answer Thus, the correct option is (d) Rs 600. ---
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