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When an article is sold for Rupees 640, ...

When an article is sold for Rupees 640, there is a loss of 12%. To gain 21%, it should be sold for:

A

`774.40`

B

`880.00`

C

`770.00`

D

`828.80`

Text Solution

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The correct Answer is:
To find the selling price of an article when there is a gain of 21%, given that it was sold for Rs. 640 with a loss of 12%, we can follow these steps: ### Step 1: Determine the Cost Price (CP) When an article is sold for Rs. 640 with a loss of 12%, we can use the formula for loss percentage: \[ \text{Loss \%} = \frac{\text{CP} - \text{SP}}{\text{CP}} \times 100 \] Here, Loss % = 12%, SP = 640. Substituting the values, we have: \[ 12 = \frac{\text{CP} - 640}{\text{CP}} \times 100 \] ### Step 2: Rearranging the Equation To simplify, we can rearrange the equation: \[ \frac{\text{CP} - 640}{\text{CP}} = \frac{12}{100} \] Multiplying both sides by CP: \[ \text{CP} - 640 = \frac{12 \cdot \text{CP}}{100} \] ### Step 3: Isolate CP Now, we can isolate CP: \[ \text{CP} - \frac{12 \cdot \text{CP}}{100} = 640 \] This can be rewritten as: \[ \text{CP} \left(1 - \frac{12}{100}\right) = 640 \] Calculating \(1 - \frac{12}{100} = \frac{88}{100}\): \[ \frac{88 \cdot \text{CP}}{100} = 640 \] ### Step 4: Solve for CP Now, multiply both sides by \( \frac{100}{88} \): \[ \text{CP} = 640 \times \frac{100}{88} \] Calculating this gives: \[ \text{CP} = \frac{64000}{88} = 727.27 \text{ (approximately)} \] ### Step 5: Calculate the Selling Price for 21% Gain Now, we need to find the selling price (SP) for a 21% gain. The formula for gain percentage is: \[ \text{Gain \%} = \frac{\text{SP} - \text{CP}}{\text{CP}} \times 100 \] Setting Gain % = 21%, we have: \[ 21 = \frac{\text{SP} - 727.27}{727.27} \times 100 \] ### Step 6: Rearranging the Gain Equation Rearranging gives: \[ \frac{\text{SP} - 727.27}{727.27} = \frac{21}{100} \] Multiplying both sides by 727.27: \[ \text{SP} - 727.27 = 727.27 \times \frac{21}{100} \] Calculating \(727.27 \times \frac{21}{100} = 152.73\): \[ \text{SP} - 727.27 = 152.73 \] ### Step 7: Solve for SP Now, adding 727.27 to both sides: \[ \text{SP} = 727.27 + 152.73 = 880 \] ### Final Answer Thus, the selling price to gain 21% is Rs. 880. ---
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