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By selling an article for Rs1,008. A suf...

By selling an article for Rs1,008. A suffers as much loss as she would have gained by selling it at a 20% profit. If she sells it for Rs 1,354.50, then her profit percentage is:

A

`8%`

B

`10%`

C

`12.5%`

D

`7.5%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the cost price (CP) of the article first and then calculate the profit percentage when sold for Rs 1,354.50. ### Step 1: Understand the relationship between selling price (SP) and cost price (CP) The question states that selling the article for Rs 1,008 results in a loss equal to the profit that would have been made if it was sold at a 20% profit. ### Step 2: Set up the equations Let the cost price of the article be \( CP \). - Selling Price at a 20% profit: \[ SP_{20\%} = CP + 0.2 \times CP = 1.2 \times CP \] - Loss when sold for Rs 1,008: \[ Loss = CP - 1008 \] According to the problem, the loss when sold for Rs 1,008 is equal to the profit that would have been made at a 20% profit: \[ CP - 1008 = 1.2 \times CP - CP \] \[ CP - 1008 = 0.2 \times CP \] ### Step 3: Rearranging the equation Rearranging the equation gives: \[ CP - 0.2 \times CP = 1008 \] \[ 0.8 \times CP = 1008 \] ### Step 4: Solve for CP Now, we can solve for \( CP \): \[ CP = \frac{1008}{0.8} = 1260 \] ### Step 5: Calculate the profit when sold for Rs 1,354.50 Now that we have the cost price, we can find the profit when the article is sold for Rs 1,354.50: \[ Profit = Selling Price - Cost Price = 1354.50 - 1260 = 94.50 \] ### Step 6: Calculate the profit percentage Finally, we can calculate the profit percentage: \[ Profit \% = \left( \frac{Profit}{CP} \right) \times 100 = \left( \frac{94.50}{1260} \right) \times 100 \] \[ Profit \% = 7.5\% \] ### Final Answer The profit percentage when the article is sold for Rs 1,354.50 is **7.5%**.
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