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By selling an articles for Rs 3375 a per...

By selling an articles for Rs 3375 a person loses 10%. Find his profit per cent, if he sell it for Rs 4500.

A

18

B

24

C

28

D

None of these

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 the selling price (SP) is Rs 4500. ### Step 1: Determine the Cost Price (CP) Given: - Selling Price (SP) = Rs 3375 - Loss Percentage = 10% Using the formula for loss: \[ \text{Loss} = \text{CP} - \text{SP} \] We can also express the loss in terms of CP: \[ \text{Loss} = \frac{\text{Loss Percentage}}{100} \times \text{CP} \] Substituting the values: \[ \frac{10}{100} \times \text{CP} = \text{CP} - 3375 \] This simplifies to: \[ 0.1 \times \text{CP} = \text{CP} - 3375 \] Rearranging gives: \[ \text{CP} - 0.1 \times \text{CP} = 3375 \] \[ 0.9 \times \text{CP} = 3375 \] Now, solving for CP: \[ \text{CP} = \frac{3375}{0.9} = 3750 \] ### Step 2: Calculate the Profit when Selling Price is Rs 4500 Now, we know: - Cost Price (CP) = Rs 3750 - New Selling Price (SP) = Rs 4500 The profit can be calculated as: \[ \text{Profit} = \text{SP} - \text{CP} = 4500 - 3750 = 750 \] ### Step 3: Calculate the Profit Percentage To find the profit percentage, we use the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{750}{3750}\right) \times 100 \] Calculating this gives: \[ \text{Profit Percentage} = \left(\frac{1}{5}\right) \times 100 = 20\% \] ### Final Answer The profit percentage when the article is sold for Rs 4500 is **20%**. ---
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