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A man sells an article at 10% loss. If he had sold it at $ 10 more, he would have gained 10%. The cost price of the article is
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- $ 50
- $ 55
- $ 100
- $ 110
Correct Option: A
Let the C.P be $ y.
First selling price = 90% of y = $ | 10 |
Second selling price = | 9y | + 10 | ||||
10 |
∴ 110% of y = | 9y | + 10 | ||||
10 |
⇒ | = | + 10 ⇒ | = 10 | | 10 | 10 | 10 |
⇒ y = | = 50 = $ 50 | 2 |
We can find required answer with the help of given formula :
Here, a = 10%, R= 10, b = 10%
C.P. = | b + a |
C.P. = | = $ 50 | 10 + 10 |