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Question

A cycle is sold for Rs. 880 at a loss of 20%. For how much should it be sold to gain 10%?

A
Rs. 100
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B
Rs. 1100
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C
Rs. 1210
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D
Rs. 1400
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Solution

The correct option is A Rs. 1210
Given : Selling Price (SP) =880 Rs. and Loss Percentage =20%

Let's assume cost price (CP) =x Rs.

We know that, SP=CPCP×Loss Percentage100

880=xx×20100=4x5

x=880×54=1100

SP=1100 Rs

Now, for a gain of 10%,

SP=CP+CP×Profit Percentage100=1100+1100×10100=1210 Rs.

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