Select the correct answerA person sells a book for Rs.11. He gains as many percent as its cost price in rupees. What is the cost price?Options20103040
Question
Solution 1
The problem states that the gain percentage is equal to the cost price.
Let's denote the cost price as 'x'.
So, according to the problem, the selling price (Rs.11) is equal to the cost price plus the gain.
The gain is given as a percentage of the cost price, which is 'x' percent of 'x'.
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