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A man sold a radio for Rs. 1980 and gain...

A man sold a radio for Rs. 1980 and gained `10%` . The radio was bought for -

A

Rs. 1782

B

Rs. 1800

C

Rs. 2178

D

None of these

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price (CP) of the radio, we can use the formula that relates the selling price (SP), cost price (CP), and profit percentage. ### Step-by-Step Solution: 1. **Identify the given values:** - Selling Price (SP) = Rs. 1980 - Profit Percentage = 10% 2. **Use the formula for Cost Price (CP):** The formula to find the cost price when the selling price and profit percentage are known is: \[ CP = \frac{SP \times 100}{100 + \text{Profit Percentage}} \] 3. **Substitute the values into the formula:** \[ CP = \frac{1980 \times 100}{100 + 10} \] \[ CP = \frac{1980 \times 100}{110} \] 4. **Calculate the denominator:** \[ 100 + 10 = 110 \] 5. **Perform the multiplication:** \[ 1980 \times 100 = 198000 \] 6. **Divide by the denominator:** \[ CP = \frac{198000}{110} \] 7. **Simplify the division:** \[ CP = 1800 \] Thus, the cost price of the radio was Rs. 1800. ### Final Answer: The radio was bought for Rs. 1800.
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