Profit percentage numerically equal to cost price: A person sells a watch for ₹ 75 and the percentage profit equals the cost price (in rupees). Find the cost price of the watch.
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A₹ 40
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B₹ 45
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C₹ 50
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D₹ 55
Answer
Correct Answer: ₹ 50
Explanation
Introduction / Context:Some puzzles equate a numerical percentage to a rupee value. Here, the profit percentage number equals the cost price itself, leading to a quadratic relation between SP and CP.
Given Data / Assumptions:
- SP = ₹ 75.
- Let CP = x. Profit% = x (numerically).
Concept / Approach:Profit% = (SP − CP)/CP * 100. Setting this equal to x gives: (75 − x)/x * 100 = x ⇒ 75 − x = x^2/100 ⇒ x^2 + 100x − 7,500 = 0.
Step-by-Step Solution:Solve x^2 + 100x − 7,500 = 0Discriminant = 100^2 + 4*7,500 = 40,000 ⇒ √D = 200x = (−100 + 200)/2 = 50 (reject negative root)
Verification / Alternative check:If CP = ₹ 50, profit = ₹ 25. Profit% = 25/50 * 100 = 50, which equals the CP numerically—condition satisfied.
Why Other Options Are Wrong:
- ₹ 40 / ₹ 45 / ₹ 55: do not satisfy the quadratic relation with SP = 75.
Common Pitfalls:
- Treating “profit% equals CP” as profit equals CP; the statement is about the numeric percent equaling the rupee CP.
Final Answer:₹ 50