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If an article is sold at 5% gain instead of 5% loss, the man gains $ 5 more. Find the cost price of that article
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- $ 100
- $ 105
- $ 50
- $ 110
Correct Option: C
Let the C.P. be 100% .
∴ (5% + 5%) = 5 [Being 5% gain]
⇒ 10% = 5
1 % = | 10 |
100 % = | × 100 = $ 50 | 10 |
We can find required answer with the help of given formula :
Here, a = 5%, R = $ 5, b = 5%
C.P. = | b + a |
C.P. = | = $ 50 | 5 + 5 |