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If the difference between 15% loss and 1...

If the difference between `15%` loss and `15%` gain is ₹ 450, then the cost price is:

A

₹ 1,500

B

₹ 2,000

C

₹ 2,200

D

₹ 1,200

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price given that the difference between a 15% loss and a 15% gain is ₹450, we can follow these steps: ### Step 1: Define the Cost Price Let the cost price (CP) be represented as ₹100 for simplicity. ### Step 2: Calculate Selling Price for 15% Gain If there is a 15% gain, the selling price (SP) can be calculated as: \[ SP_{\text{gain}} = CP + 15\% \text{ of } CP = 100 + 0.15 \times 100 = 100 + 15 = ₹115 \] ### Step 3: Calculate Selling Price for 15% Loss If there is a 15% loss, the selling price can be calculated as: \[ SP_{\text{loss}} = CP - 15\% \text{ of } CP = 100 - 0.15 \times 100 = 100 - 15 = ₹85 \] ### Step 4: Find the Difference Between Gain and Loss Now, we find the difference between the selling price for gain and the selling price for loss: \[ \text{Difference} = SP_{\text{gain}} - SP_{\text{loss}} = 115 - 85 = ₹30 \] ### Step 5: Set Up the Equation According to the problem, this difference of ₹30 corresponds to the actual difference of ₹450. Therefore, we can set up the equation: \[ 30 \text{ (difference)} = 450 \] ### Step 6: Find the Value of 1 Unit To find the value of 1 unit, we divide ₹450 by 30: \[ 1 \text{ unit} = \frac{450}{30} = ₹15 \] ### Step 7: Calculate the Cost Price Since we initially set the cost price as ₹100, we can find the actual cost price by multiplying: \[ \text{Cost Price} = 100 \times 15 = ₹1500 \] ### Final Answer Thus, the cost price is ₹1500. ---
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