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A person X sells an article of Rs 100 w...

A person X sells an article of Rs 100 with a loss of 10% to the person Y. Y sells it at a gain of 10% to another person Z. What is the price at which Y sold the article to Z?

A

Rs 100

B

Rs 99

C

Rs 110

D

Rs 101

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the selling price of the article from person Y to person Z. ### Step 1: Calculate the cost price for person Y Person X sells the article for Rs 100 with a loss of 10%. To find the cost price (CP) for person Y, we can use the formula for loss: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} - \text{Loss} \] Given that the loss is 10%, the selling price can be expressed as: \[ \text{SP} = \text{CP} \times \left(1 - \frac{\text{Loss \%}}{100}\right) \] Substituting the values: \[ 100 = \text{CP} \times \left(1 - \frac{10}{100}\right) \] \[ 100 = \text{CP} \times 0.9 \] Now, we can solve for CP: \[ \text{CP} = \frac{100}{0.9} \] \[ \text{CP} = 111.11 \] ### Step 2: Calculate the selling price for person Z Now, person Y sells the article at a gain of 10%. To find the selling price (SP) for person Z, we can use the formula for profit: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit} \] The profit can be calculated as: \[ \text{Profit} = \text{CP} \times \frac{\text{Profit \%}}{100} \] Substituting the values: \[ \text{Profit} = 111.11 \times \frac{10}{100} \] \[ \text{Profit} = 11.11 \] Now, we can find the selling price: \[ \text{SP} = 111.11 + 11.11 \] \[ \text{SP} = 122.22 \] ### Conclusion Thus, person Y sold the article to person Z for Rs 122.22.
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