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Mathematics

Renu sold an article at a loss of 8 percent. Had she bought it at 10% less and sold for ₹ 36 more, she would have gained 20%. Find the cost price of the article.

Profit, Loss & Discount

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Answer

Let the C.P. of the article be ₹ 100100.

Loss% = 8%

As we know

Loss% =LossC.P.×1008=Loss100×1008=Loss100×100Loss=8\text{Loss\% } = \dfrac{\text{Loss}}{\text{C.P.}} \times 100 \\[1em] \Rightarrow 8 = \dfrac{\text{Loss}}{100} \times 100 \\[1em] \Rightarrow 8 = \dfrac{\text{Loss}}{\cancel{100}} \times \cancel{100}\\[1em] \Rightarrow \text{Loss} = 8

And

Loss = C.P. - S.P.8=100S.P.S.P.=1008S.P.=92\text{Loss = C.P. - S.P.}\\[1em] \Rightarrow 8 = 100 - \text{S.P.}\\[1em] \Rightarrow \text{S.P.} = 100 - 8\\[1em] \Rightarrow \text{S.P.} = 92

When C.P. of the article is 10% less.

=10010100×100=10010100×100=10010=90= 100 - \dfrac{10}{100} \times 100\\[1em] = 100 - \dfrac{10}{\cancel{100}} \times \cancel{100}\\[1em] = 100 - 10\\[1em] = 90

The gain % = 20%.

As we know

Gain% =GainC.P.×10020=Gain90×100Gain=20×90100Gain=1800100Gain=18\text{Gain\% } = \dfrac{\text{Gain}}{\text{C.P.}} \times 100 \\[1em] \Rightarrow 20 = \dfrac{\text{Gain}}{90} \times 100 \\[1em] \Rightarrow \text{Gain} = \dfrac{20 \times 90}{100}\\[1em] \Rightarrow \text{Gain} = \dfrac{1800}{100}\\[1em] \Rightarrow \text{Gain} = 18

And

Gain = S.P. - C.P.18=S.P.90S.P.=18+90S.P.=108\text{Gain = S.P. - C.P.}\\[1em] \Rightarrow 18 = \text{S.P.} - 90\\[1em] \Rightarrow \text{S.P.} = 18 + 90\\[1em] \Rightarrow \text{S.P.} = 108

Difference in Selling Price = ₹ 108 - ₹ 92 = ₹ 16

Applying unitary method:

When sold for ₹ 1616 more, the C.P. of the article = ₹ 100100.

When sold for ₹ 3636 more, the C.P. of the article = ₹ 10016×36=225\dfrac{100}{16} \times 36 = ₹ 225.

Hence, cost price of the article = ₹ 225225.

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