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Discussion :: Profit and Loss

  1. 5% more is gained by selling a cow for Rs 1010 than by selling it for Rs 1000. What is the C.P of the cow?

  2. A.
    Rs 100
    B.
    Rs 150
    C.
    Rs 200
    D.
    Rs 250

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    Answer : Option C

    Explanation :

    ATQ, the difference between profit % = 5
    The difference between S.P = 10

    Apply formula:

    C.P = (100* Difference between S.P)/ (% difference in profit)

    Hence, the C.P = (100 * 10)/ 5 = 200.

    The difference between profit = 5%
    Let the C.P = x
    And S.P2= 1010, S.P1 = 1000

    i.e., P2 % - P1% = 5.................................................... (i)

    Apply formula of percent

    P% = (Profit/C.P) * 100

    And profit = S.P - C.P.

    Now according to equation (i)

    ((S.P 2- x)/ x)*100 - ((S.P 1- x)/ x)*100 = 5

    ((1010- x)/ x)*100 - ((1000- x)/ x)*100 = 5

    Or, take (100/x) as common from the whole equation.

    i.e., (100/x) [(1010-x) - (1000-x)] = 5

    (100/x) [1010 - x - 1000 + x] = 5

    Or, (100/x) * 10 = 5

    Or, 5x = 1000
    Hence, x = 200, or C.P = Rs 200.


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