Question
A shopkeeper marked his goods 30% above the cost price
and earned a profit of Rs. 14 after selling it by giving a discount of 22%. Find the cost price of the articleSolution
Let cost price of the article is Rs. βxβ Marked price of the article = 1.3 Γ x = Rs. 1.30x Selling price of the article = 0.78 Γ 1.30x = Rs. 1.014x So, 1.014x β x = 14 Or, 0.014x = 14 Or, x = 1000 So, cost price of the article = Rs. 1000
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