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An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?

Correct Answer: Rs. 40

Explanation:

Let the cost price of the item = Rs. 50


Sold at 10% loss => for Rs. 50 loss  S.P = Rs. 45


From the  given data,


25/2 % gain if it is sold at Rs. 9 more


56.25 - 45 = 9


=> 11.25 = 9


=> 22.5 = 18


=> 45 = 36


=> 50 = ?


=>  C . P   =   50   x   36 45   =   40


 


Hence, the Cost price of the item = Rs. 40.


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