Q.

A man has sold an item for ₹ 495 and gained 10 % on it. What is the cost price of the item?


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a

₹ 450

b

₹ 460

c

₹ 470

d

₹ 480 

answer is A.

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Detailed Solution

Given, a man has sold an item for ₹ 495 and gained 10 % on it.
According to the question, the man sold it for 110% of its price.
So, 110100×Price of article=495.
Price of the article is 495×100110=450.
Hence the price of the article is ₹ 450.
So option 1 is correct.
 
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