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A person have a loss of 10% on selling a...

A person have a loss of 10% on selling a radio in Rs 810. If he sells it in Rs 1035, then his profit percentage is

A

`20%`

B

`18%`

C

`25%`

D

`15%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow these calculations: ### Step 1: Understand the given information - Selling Price (SP) when there is a loss = Rs 810 - Loss percentage = 10% ### Step 2: Calculate the Cost Price (CP) Since there is a loss of 10%, we can express this as: \[ \text{Loss} = \text{CP} - \text{SP} \] Given that the loss is 10% of the Cost Price (CP): \[ 10\% \text{ of CP} = \text{CP} - 810 \] This can be rewritten as: \[ 0.10 \times \text{CP} = \text{CP} - 810 \] ### Step 3: Rearranging the equation Rearranging the equation gives us: \[ 0.10 \text{CP} + 810 = \text{CP} \] \[ 810 = \text{CP} - 0.10 \text{CP} \] \[ 810 = 0.90 \text{CP} \] ### Step 4: Solve for CP To find CP, divide both sides by 0.90: \[ \text{CP} = \frac{810}{0.90} \] \[ \text{CP} = 900 \] ### Step 5: Calculate the new Selling Price (SP) Now, if the person sells the radio for Rs 1035, we need to find the profit: \[ \text{New SP} = Rs 1035 \] ### Step 6: Calculate the Profit Profit is calculated as: \[ \text{Profit} = \text{New SP} - \text{CP} \] \[ \text{Profit} = 1035 - 900 \] \[ \text{Profit} = 135 \] ### Step 7: Calculate the Profit Percentage Profit percentage is calculated as: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] \[ \text{Profit Percentage} = \left(\frac{135}{900}\right) \times 100 \] ### Step 8: Simplify the Profit Percentage Calculating this gives: \[ \text{Profit Percentage} = \frac{13500}{900} \] \[ \text{Profit Percentage} = 15\% \] ### Final Answer Thus, the profit percentage when the radio is sold for Rs 1035 is **15%**. ---
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