Difficulty: Medium
Correct Answer: Rs 1,200
Explanation:
Introduction / Context:
This is a consistency check under an alternative plan: a 10% cheaper purchase and Rs 132 lower selling price still yield 10% profit. Comparing the two expressions for the alternate selling price reveals the original cost.
Given Data / Assumptions:
Concept / Approach:
Set (1.10x − 132) = 0.99x and solve for x.
Step-by-Step Solution:
1.10x − 132 = 0.99x.(1.10 − 0.99)x = 132 ⇒ 0.11x = 132 ⇒ x = 132/0.11 = 1,200.
Verification / Alternative check:
Original: CP 1,200 ⇒ SP 1,320. Alternate: CP' 1,080; SP' must be 1.10 × 1,080 = 1,188, and indeed 1,320 − 132 = 1,188.
Why Other Options Are Wrong:
1,188 is the alternate SP, not CP; 1,320 is the original SP; others don't satisfy the equality.
Common Pitfalls:
Confusing SP with CP or failing to apply the 10% to the correct base in each plan.
Final Answer:
Rs 1,200
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