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The loss in selling an article for Rs. 1...

The loss in selling an article for Rs. 1235 was 5%. At what should it be sold to get a profit of 10%?
A. Rs. 1,335
B. Rs. 1,380
C. Rs. 1,430
D. Rs. 1,300

A

A

B

D

C

B

D

C

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these calculations: ### Step 1: Understand the given information We know that selling an article for Rs. 1235 results in a loss of 5%. We need to find out the selling price (SP) required to achieve a profit of 10%. ### Step 2: Find the Cost Price (CP) Let’s denote the Cost Price (CP) as 100 units (for simplicity). If there is a 5% loss when selling at Rs. 1235, we can express this mathematically. - Selling Price (SP) at 5% loss = CP - (5% of CP) - SP = 100 - (5/100 * 100) = 100 - 5 = 95 ### Step 3: Set up the equation From the information given: - If SP = 95 corresponds to Rs. 1235, we can find the value of 1 unit. ### Step 4: Calculate the value of 1 unit To find the value of 1 unit: - Value of 1 unit = Selling Price / SP in percentage terms - Value of 1 unit = 1235 / 95 ### Step 5: Calculate the Cost Price (CP) Now, we need to find the actual Cost Price using the value of 1 unit: - CP = 100 units = (1235 / 95) * 100 ### Step 6: Calculate the Selling Price (SP) for 10% profit To find the Selling Price for a 10% profit: - SP at 10% profit = CP + (10% of CP) - SP = CP + (10/100 * CP) = CP * (1 + 0.10) = CP * 1.10 ### Step 7: Substitute the value of CP Now we substitute the value of CP we calculated: - SP = (1235 / 95) * 100 * 1.10 ### Step 8: Calculate the final Selling Price Now we perform the calculation: - SP = (1235 / 95) * 100 * 1.10 = 1430 ### Conclusion Thus, the selling price to achieve a profit of 10% should be Rs. 1430. ### Final Answer The correct answer is **C. Rs. 1,430**. ---
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