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By selling an article for ₹1,134, Anu su...

By selling an article for ₹1,134, Anu suffers as much loss as she would have gained by selling it at 10% profit. If she sells it for ₹1,354.50, then her profit percentage is

A

9

B

8

C

`8.4`

D

`7.5`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step-by-step, we will follow the logic presented in the video transcript. ### Step 1: Understand the problem We know that by selling an article for ₹1,134, Anu suffers a loss that is equal to the gain she would have made by selling it at a 10% profit. We need to find her profit percentage when she sells the article for ₹1,354.50. ### Step 2: Define variables Let the cost price (CP) of the article be represented as \( x \). ### Step 3: Calculate the selling price at 10% profit If Anu sells the article at a 10% profit, the selling price (SP) would be: \[ SP = CP + 10\% \text{ of } CP = x + 0.1x = 1.1x \] ### Step 4: Calculate the selling price at a loss If Anu sells the article for ₹1,134, and this is a loss, we can express the selling price at a loss as: \[ SP = CP - \text{Loss} = x - \text{Loss} \] Since the loss is equal to the gain she would have made at 10% profit, we can say: \[ \text{Loss} = 1.1x - 1,134 \] ### Step 5: Set up the equation From the information given, we can set up the equation: \[ 1,134 = x - (1.1x - 1,134) \] This simplifies to: \[ 1,134 = x - 1.1x + 1,134 \] \[ 1,134 = -0.1x + 1,134 \] Subtracting ₹1,134 from both sides gives: \[ 0 = -0.1x \] This means: \[ 0.1x = 1,134 \implies x = \frac{1,134}{0.1} = 11,340 \] ### Step 6: Calculate the cost price Now we can find the cost price (CP): \[ CP = 11,340 \] ### Step 7: Calculate the profit when selling for ₹1,354.50 Now, if Anu sells the article for ₹1,354.50, we can find the profit: \[ \text{Profit} = SP - CP = 1,354.50 - 11,340 \] Calculating this gives: \[ \text{Profit} = 1,354.50 - 11,340 = 14.50 \] ### Step 8: Calculate the profit percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{CP} \right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left( \frac{14.50}{11,340} \right) \times 100 \] Calculating this gives: \[ \text{Profit Percentage} \approx 0.128 \times 100 = 12.8\% \] ### Conclusion The profit percentage when Anu sells the article for ₹1,354.50 is approximately **12.8%**.
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