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The difference between the selling price...

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

A

Rs 600

B

Rs 1200

C

Rs 500

D

Rs 900

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the cost price of an article given that the difference between its selling prices at 5% and 10% profit is Rs 30. ### Step-by-Step Solution: 1. **Understand the Selling Prices**: - Let the cost price (CP) of the article be \( x \). - Selling price at 5% profit = \( x + 0.05x = 1.05x \) - Selling price at 10% profit = \( x + 0.10x = 1.10x \) 2. **Set Up the Equation**: - According to the problem, the difference between the selling prices at 10% and 5% profit is Rs 30: \[ 1.10x - 1.05x = 30 \] 3. **Simplify the Equation**: - Combine like terms: \[ 0.05x = 30 \] 4. **Solve for Cost Price (CP)**: - To find \( x \), divide both sides by 0.05: \[ x = \frac{30}{0.05} = 600 \] 5. **Conclusion**: - The cost price of the article is Rs 600. ### Final Answer: The cost price of the article is **Rs 600** (Option A). ---
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