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On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:
- a)Rs. 290
- b)Rs. 310
- c)Rs. 300
- d)Rs. 363
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
On selling an article for Rs. 270, the loss, that incurred, is as much...
Let cost price of an article be Rs. A
Profit percentage = 10% = loss percentage
Then,
⇒ 10 = [(A - S.P)/A] × 100
⇒ A = 10A - 10S.P
⇒ S.P = 9A/10
Selling price of an article = Rs. 270
Given,
⇒ 9A/10 = 270
⇒ A = 300
∴ Cost price of an article is Rs. 300.
Most Upvoted Answer
On selling an article for Rs. 270, the loss, that incurred, is as much...
To solve this problem, we need to use the concept of cost price, selling price, profit, and loss.
Let's assume the cost price of the article is Rs. x.
According to the given information, when the article is sold for Rs. 270, there is a loss incurred which is equal to the profit when the article is sold at a 10% profit.
Calculating the loss:
Loss = Cost Price - Selling Price
According to the given information, the loss is equal to the profit when the article is sold at a 10% profit. Therefore, the selling price in the case of a 10% profit can be calculated as follows:
Profit = Selling Price - Cost Price
10% of Cost Price = Selling Price - Cost Price
Now, let's calculate the loss and profit using the given information:
Loss = Cost Price - Selling Price = x - 270
Profit = Selling Price - Cost Price = 0.1x
Since the loss is equal to the profit, we can equate the two equations:
x - 270 = 0.1x
Simplifying the equation:
0.9x = 270
Dividing both sides of the equation by 0.9:
x = 300
Therefore, the cost price of the article is Rs. 300.
Hence, the correct answer is option C) Rs. 300.
Let's assume the cost price of the article is Rs. x.
According to the given information, when the article is sold for Rs. 270, there is a loss incurred which is equal to the profit when the article is sold at a 10% profit.
Calculating the loss:
Loss = Cost Price - Selling Price
According to the given information, the loss is equal to the profit when the article is sold at a 10% profit. Therefore, the selling price in the case of a 10% profit can be calculated as follows:
Profit = Selling Price - Cost Price
10% of Cost Price = Selling Price - Cost Price
Now, let's calculate the loss and profit using the given information:
Loss = Cost Price - Selling Price = x - 270
Profit = Selling Price - Cost Price = 0.1x
Since the loss is equal to the profit, we can equate the two equations:
x - 270 = 0.1x
Simplifying the equation:
0.9x = 270
Dividing both sides of the equation by 0.9:
x = 300
Therefore, the cost price of the article is Rs. 300.
Hence, the correct answer is option C) Rs. 300.
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On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer?
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On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. 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 On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer?.
On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. 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 On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer?.
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On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer?, a detailed solution for On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of On selling an article for Rs. 270, the loss, that incurred, is as much as the profit when the article is sold at 10% profit. The cost price of the article is:a)Rs. 290b)Rs. 310c)Rs. 300d)Rs. 363Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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