Difficulty: Medium
Correct Answer: Rs 250
Explanation:
Introduction / Context:
Two linked scenarios are provided: (1) original sale at 10% loss; (2) hypothetical: buy cheaper (−20% on CP) and sell Rs 55 higher than the original SP, resulting in +40% profit. Setting up both expressions allows solving for the original CP.
Given Data / Assumptions:
Concept / Approach:
Profit in the alternate plan: (SP' − CP')/CP' = 0.40. Substitute CP' and SP' in terms of x and solve for x.
Step-by-Step Solution:
(0.90x + 55 − 0.80x) / (0.80x) = 0.40.(0.10x + 55) / 0.80x = 0.40 ⇒ 0.10x + 55 = 0.32x.55 = 0.22x ⇒ x = 55 / 0.22 = 250.
Verification / Alternative check:
Original SP = 225 (loss 10% on 250). Alternate CP' = 200; Alternate SP' = 225 + 55 = 280; Profit on 200 = 80 = 40% (checks out).
Why Other Options Are Wrong:
200 or 225 do not satisfy both scenarios simultaneously; 'None of these' is false because 250 works; 275 is inconsistent.
Common Pitfalls:
Adding/subtracting percentage points on prices rather than forming equations on CP and SP for each scenario.
Final Answer:
Rs 250
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