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A man sells an article at 10% above its cost price. If he had bought it at 10% less than what he paid for it and sold it at Rs 11 less, he would have gained 10%. The cost price of the article is∶
  • a)
    Rs. 100
  • b)
    Rs. 120
  • c)
    Rs. 130
  • d)
    Rs. 125
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A man sells an article at 10% above its cost price. If he had bought i...
Let the cost price of the article be 100 unit
So, SP of the article = 100 × 110/100 = 110 unit
If he had bought it at 10% less, then new CP of the article = 100 × 90/100 = 90 unit
If he had paid for the article Rs. 11 less, he would have gained 10%
According to the question
⇒ (90 × 110/100) unit = 110 unit – 11
⇒ (110 – 99) unit = 11
⇒ 11 unit = 11
⇒ 100 unit = 100
∴ Cost price of the article Rs. 100
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Most Upvoted Answer
A man sells an article at 10% above its cost price. If he had bought i...
Given:
Let the cost price of the article be Rs. x.

First Transaction:
Selling price = Cost price + 10% of cost price = x + 0.1x = 1.1x

Second Transaction:
New cost price = Cost price - 10% of cost price = x - 0.1x = 0.9x
New selling price = Selling price - Rs. 11 = 1.1x - 11
According to the question,
1.1x - 11 = 1.1*(0.9x)
1.1x - 11 = 0.99x
0.11x = 11
x = 100
Therefore, the cost price of the article is Rs. 100. Hence, option 'A' is correct.
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A man sells an article at 10% above its cost price. If he had bought it at 10% less than what he paid for it and sold it at Rs 11 less, he would have gained 10%. The cost price of the article is∶a)Rs. 100b)Rs. 120c)Rs. 130d)Rs. 125Correct answer is option 'A'. Can you explain this answer?
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A man sells an article at 10% above its cost price. If he had bought it at 10% less than what he paid for it and sold it at Rs 11 less, he would have gained 10%. The cost price of the article is∶a)Rs. 100b)Rs. 120c)Rs. 130d)Rs. 125Correct answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A man sells an article at 10% above its cost price. If he had bought it at 10% less than what he paid for it and sold it at Rs 11 less, he would have gained 10%. The cost price of the article is∶a)Rs. 100b)Rs. 120c)Rs. 130d)Rs. 125Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sells an article at 10% above its cost price. If he had bought it at 10% less than what he paid for it and sold it at Rs 11 less, he would have gained 10%. The cost price of the article is∶a)Rs. 100b)Rs. 120c)Rs. 130d)Rs. 125Correct answer is option 'A'. Can you explain this answer?.
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