Question
A seller allowed a discount of 10% on an article and sold
it for Rs. 144. If he had marked the article 25% higher than the actual marked price, then the profit earned by him on selling the article after 25% discount would be 25%. Find the selling price of the article if the seller wants to earn 30% profit.Solution
ATQ,
Initial marked price of the article = 144 ÷ 0.9 = Rs. 160
So, new marked price = 160 × 1.25 = Rs. 200
And new selling price = 200 × 0.75 = Rs. 150
So, cost price of the article = 150 ÷ 1.25 = Rs. 120
So, selling price of the article when sold at 30% profit = 120 × 1.3 = Rs. 156
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