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A man bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it for Rs. 10 more, he would have made a profit of 40%. The cost price of the article is:
  • a)
    Rs. 500
  • b)
    Rs. 480
  • c)
    Rs. 450
  • d)
    Rs. 400
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A man bought an article and sold it at a gain of 10%. If he had bought...
Problem Analysis:
Let's assume the cost price of the article is Rs. x.

According to the given information, when the man bought the article and sold it at a gain of 10%, he made a profit of 10% on the cost price.

So, the selling price of the article is (x + 10% of x) = 1.1x.

According to the second scenario, if the man had bought the article at 20% less, the cost price would be (x - 20% of x) = 0.8x.

And if he sold it for Rs. 10 more, the selling price would be (0.8x + Rs. 10).

In this case, he made a profit of 40% on the cost price.

So, the selling price is (1.4 times the cost price) = 1.4 * 0.8x = 1.12x.

Solution:
To find the cost price of the article, we need to equate the selling prices from both scenarios.

1.1x = 1.12x - Rs. 10

Simplifying the equation:

0.02x = Rs. 10

Dividing both sides by 0.02:

x = Rs. 500

Therefore, the cost price of the article is Rs. 500.
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A man bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it for Rs. 10 more, he would have made a profit of 40%. The cost price of the article is:a)Rs. 500b)Rs. 480c)Rs. 450d)Rs. 400Correct answer is option 'A'. Can you explain this answer?
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A man bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it for Rs. 10 more, he would have made a profit of 40%. The cost price of the article is:a)Rs. 500b)Rs. 480c)Rs. 450d)Rs. 400Correct 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 bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it for Rs. 10 more, he would have made a profit of 40%. The cost price of the article is:a)Rs. 500b)Rs. 480c)Rs. 450d)Rs. 400Correct 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 bought an article and sold it at a gain of 10%. If he had bought it at 20% less and sold it for Rs. 10 more, he would have made a profit of 40%. The cost price of the article is:a)Rs. 500b)Rs. 480c)Rs. 450d)Rs. 400Correct answer is option 'A'. Can you explain this answer?.
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