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Question:  

By selling a product a seller is gaining 10% on selling price. If he sells that product Rs.80 less, he would have been losing 10%. What is the cost price?



September 09, 2005 09:56:08 #10
 deepak   Member Since: Visitor    Total Comments: N/A 

RE:

By selling a product a seller is gaining 10% on selling price. If he sells that product Rs.80


 
Answer :Rs.800 
 
let the Cost Price of the product be x. 
on selling for 10% gain : 1.1*x 
Selling for Rs.80 less : x-80=0.9*x 
0.1*x=80 
and so x=Rs.800
     

 

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