Question
By giving a discount of 23% on the market price of an
article, the trader earns a profit of 10%. If the difference between the market price and the cost price of the article is Rs.60.What is the market price of the article?Solution
Let the market price of article is 100x, SP of article = 77% of 100x = 77x CP of article = 77x × (100/110) = 70x According to the question, 100x - 70x = 60 x = 2 Therefore, MP = 100x = 100 × 2 = Rs.200
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