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The price of a dress is $110 which is 10% higher than its cost.If it is now selling at 10% below cost, find the selling price.

Question

The price of a dress is $110 which is 10% higher than its cost. If it is now selling at 10% below cost, find the selling price.

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Solution

Step 1: First, we need to find the cost of the dress. If the price of the dress is 110andthisis10110 and this is 10% higher than its cost, we can set up the equation 110 = 1.10 * cost. Solving for cost, we get cost = 110 / 1.10 = 100.

Step 2: Now, we need to find the selling price if it is 10% below cost. 10% of 100is100 is 10.

Step 3: Subtract this 10fromthecostofthedress.So,10 from the cost of the dress. So, 100 - 10=10 = 90.

So, the selling price of the dress, when it is 10% below cost, is $90.

This problem has been solved

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