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Question

Two articles are sold for the same price, losing 10% on one and gaining 20% on the other. Find the cost price of each article, if Rs. 40 is gained on the whole transaction.

A
Rs. 654 and Rs. 510
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B
Rs. 725 and Rs. 546
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C
Rs. 800 and Rs. 600
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D
None of these
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Solution

The correct option is C Rs. 800 and Rs. 600
Let selling price of each article =x Rs
Then, selling price of first article =x Rs
Loss =10%
C.P of first article=10090×x=109×x
S.P of second article=x Rs
Profit =20%
C.P. of second article=100120×x=56×x
C.P. of both articles =109×x+56×x=35x18 Rs
S.P. of both article =2x Rs
Profit =2x35x18=x18 Rs.
Then according to the question
x18=40
x=720
C.P.of first article =10090×720=800 Rs
C.P. of second article =100120×720=600 Rs

Hence, option C.

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