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TheAnimeGirl
Middle School
An article when sold at a profit of 5% yields Rs 50 more than when sold at a loss of 5%. What was the cost price of the article?
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Our People Answers
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(Based on todays review)
-
mhanifa
Answer:
Rs. 500
Step-by-step explanation:
CP= x
SP at 5% profit= 1.05x
SP at 5% loss= 0.95x
The difference= Rs. 50
- 1.05x- 0.95x= 50
- 0.1x= 50
- x= 50/0.1
- x= 500
CP is Rs. 500
-
AnonymousHelper1807
Answer:
Rs 500
Step-by-step explanation:
Profit = 5%
Loss = 5%
For CP
Profit = 1.05x
Loss = 0.95x
Given Condition:
Let CP be x
1.05 x = 50 + 0.95x
=> 1.05x-0.95x = 50
=> 0.1 x = 50
Dividing both sides by 0.1
=> x = Rs 500
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