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Q.

By selling a table for Rs. 330, a trader gains 10%. Find the cost price of the table.


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a

300

b

400

c

500

d

600 

answer is A.

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Detailed Solution

Concept- Here, we must determine the cost of a table whose selling price and profit margin have been specified. To calculate the worth of an item's cost price, we shall use the formula for selling price when it is sold at a profit. The formula's specified values can be substituted to obtain the necessary Cost Price value.
Let the table's C.P. be Rs. 100.
Gain = 10%.
Question ImageSo, if the S.P. is 110, the C.P. = Rs. 100.
The C.P. follows if the S.P. is Rs.1 = Question ImageThe C.P is Rs. 330 if the S.P is Rs.= Question ImageHence, the correct answer is option 1.
 
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By selling a table for Rs. 330, a trader gains 10%. Find the cost price of the table.