Question Details

An article is sold at a certain price by selling the article at 2/3 (two third) of that price, there is a loss of 10%. Find the gain percent at its original price.

Options

A

35%

B

25%

C

33%

D

30%

Show Answer

Correct Answer :

Option A

35%

Solution :

The correct option is 35%.

To find the gain percentage at the original selling price, we can break down the relationship between the cost price, the original selling price, and the new selling price step-by-step.

Step 1: Define the variables
Let the original selling price of the article be S.
Let the cost price of the article be C.

Step 2: Relate the new selling price to the cost price
According to the problem, if the article is sold at 23 of its original price, there is a loss of 10%.
A loss of 10% means the new selling price is equal to 90% of the cost price C.

Therefore, we can write the equation: 2 3 S = 90 % of C

Expressing 90% as a fraction: 2 3 S = 90 100 C

Simplifying the fraction: 2 3 S = 9 10 C

Step 3: Solve for the original selling price S in terms of C
Multiply both sides of the equation by 32: S = 9 10 × 3 2 C

S = 27 20 C

Converting the fraction to a decimal: S = 1.35 C

Step 4: Find the gain percent at the original price
The original selling price is 1.35 times the cost price, which indicates a gain. The gain is calculated as: Gain = S - C

Gain = 1.35 C - C = 0.35 C

Now, calculate the gain percentage: Gain Percent = Gain C × 100 %

Gain Percent = 0.35 C C × 100 % = 35 %

Thus, the gain percentage when the article is sold at its original price is 35%.

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