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A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article is
- a)Rs. 1200
- b)Rs. 1188
- c)Rs. 1320
- d)Rs. 1336
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
A man sells an article at a gain of 10%. If he had bought it at 10% l...
Solution:
Let the cost price of the article be x.
Given, the article is sold at a gain of 10%.
∴ Selling price = x + 10% of x = 1.1x
Now, if he had bought it at 10% less, the cost price would be 0.9x.
He sells it for Rs. 132 less, still gaining 10%.
∴ Selling price = 1.1(0.9x) - 132
⇒ Selling price = 0.99x - 132
Since the selling price remains the same, we can equate the above two expressions.
So, 1.1x = 0.99x - 132
0.11x = 132
x = Rs. 1200
Hence, the cost price of the article is Rs. 1200.
Let the cost price of the article be x.
Given, the article is sold at a gain of 10%.
∴ Selling price = x + 10% of x = 1.1x
Now, if he had bought it at 10% less, the cost price would be 0.9x.
He sells it for Rs. 132 less, still gaining 10%.
∴ Selling price = 1.1(0.9x) - 132
⇒ Selling price = 0.99x - 132
Since the selling price remains the same, we can equate the above two expressions.
So, 1.1x = 0.99x - 132
0.11x = 132
x = Rs. 1200
Hence, the cost price of the article is Rs. 1200.
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Community Answer
A man sells an article at a gain of 10%. If he had bought it at 10% l...
SP = 1.1 CP
× 100 = profit %
New cost price = 0.9 CP
New selling price = SP - 132
According to the given condition,
× 100 = profit %0.2 CP - 132 = 0.09 CP
0.11 CP = 132
CP = Rs. 1200
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A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer?
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A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer?.
A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article isa)Rs. 1200b)Rs. 1188c)Rs. 1320d)Rs. 1336Correct answer is option 'A'. Can you explain this answer?.
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