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Rashmi sold an article at a loss of 10%....

Rashmi sold an article at a loss of `10%`. If she had sold the article for Rs 90 more, she would have received a gain of `10%`. Find the cost price of the article

A

Rs 475

B

Rs 460

C

Rs 420

D

Rs 450

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the cost price of the article as \( CP \). ### Step 1: Understanding the Selling Price at Loss Rashmi sold the article at a loss of 10%. Therefore, the selling price (SP) when sold at a loss can be expressed as: \[ SP_1 = CP - 0.10 \times CP = 0.90 \times CP \] ### Step 2: Understanding the Selling Price at Gain If she had sold the article for Rs 90 more, she would have received a gain of 10%. The selling price in this case can be expressed as: \[ SP_2 = CP + 0.10 \times CP = 1.10 \times CP \] According to the problem, we know that: \[ SP_2 = SP_1 + 90 \] ### Step 3: Substitute the Selling Prices Now, substituting the expressions for \( SP_1 \) and \( SP_2 \): \[ 1.10 \times CP = 0.90 \times CP + 90 \] ### Step 4: Rearranging the Equation Rearranging the equation gives: \[ 1.10 \times CP - 0.90 \times CP = 90 \] \[ 0.20 \times CP = 90 \] ### Step 5: Solving for Cost Price Now, divide both sides by 0.20 to find \( CP \): \[ CP = \frac{90}{0.20} = 450 \] ### Conclusion Thus, the cost price of the article is: \[ \boxed{450} \]
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