Let the cost price be \(C\). The trader sold the article at a 10% loss, so the selling price (\(SP\)) is \(0.9C\). If he had sold it for \(50040\) more, the new selling price would be \(0.9C + 50040\).
This new selling price represents a 5% gain, so you can set up the equation:
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Verified answer
Answer:
Let the cost price be x.
Selling at a 10% loss means selling for 90% of the cost price.
0.9x+50040=1.05x
Now, solve for x:
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50040=0.15x
x= 0.15
50045
x=333600
So, the cost price of the article is 333600, not 3600. Please double-check your
Step-by-step explanation:
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Answer:
Let the cost price be \(C\). The trader sold the article at a 10% loss, so the selling price (\(SP\)) is \(0.9C\). If he had sold it for \(50040\) more, the new selling price would be \(0.9C + 50040\).
This new selling price represents a 5% gain, so you can set up the equation:
\[0.9C + 50040 = 1.05C\]
Now, you can solve for \(C\).