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The per cent profit earned by selling an...

The per cent profit earned by selling an article at ₹5400 is equal to the per cent loss incurred on selling the same article at ₹3600. What will be the per cent profit if the article is sold at ₹5000?

A

7

B

15

C

`9 1/6`

D

`11 1/9`

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 problem We need to find the cost price (CP) of the article based on the information given about selling prices (SP) and the relationship between profit and loss. ### Step 2: Set up the equations Let the cost price of the article be \( x \). 1. When the article is sold at ₹5400, the profit is: \[ \text{Profit} = SP - CP = 5400 - x \] The percentage profit is given by: \[ \text{Percentage Profit} = \frac{5400 - x}{x} \times 100 \] 2. When the article is sold at ₹3600, the loss is: \[ \text{Loss} = CP - SP = x - 3600 \] The percentage loss is given by: \[ \text{Percentage Loss} = \frac{x - 3600}{x} \times 100 \] ### Step 3: Set the profit equal to the loss According to the problem, the percentage profit at ₹5400 is equal to the percentage loss at ₹3600: \[ \frac{5400 - x}{x} \times 100 = \frac{x - 3600}{x} \times 100 \] We can simplify this by canceling out 100 from both sides: \[ \frac{5400 - x}{x} = \frac{x - 3600}{x} \] ### Step 4: Cross-multiply to eliminate the fractions Cross-multiplying gives: \[ (5400 - x) \cdot x = (x - 3600) \cdot x \] This simplifies to: \[ 5400x - x^2 = x^2 - 3600x \] ### Step 5: Rearrange the equation Rearranging the terms, we have: \[ 5400x + 3600x = 2x^2 \] \[ 9000x = 2x^2 \] Dividing both sides by \( x \) (assuming \( x \neq 0 \)): \[ 9000 = 2x \] Thus, \[ x = \frac{9000}{2} = 4500 \] ### Step 6: Calculate the profit when sold at ₹5000 Now we know the cost price (CP) is ₹4500. If the article is sold at ₹5000, the profit is: \[ \text{Profit} = 5000 - 4500 = 500 \] ### Step 7: Calculate the percentage profit The percentage profit is given by: \[ \text{Percentage Profit} = \frac{\text{Profit}}{\text{CP}} \times 100 = \frac{500}{4500} \times 100 \] Calculating this gives: \[ \text{Percentage Profit} = \frac{500}{4500} \times 100 = \frac{1}{9} \times 100 \approx 11.11\% \] ### Final Answer The percentage profit when the article is sold at ₹5000 is approximately \( 11 \frac{1}{9} \% \). ---
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