Question
Marked price of an article is Rs.1000 more than the cost
price. When the same article is sold at a discount of Rs.100, the profit percent earned is 15%. To earn a profit of 20%, at what price the article should be sold?Solution
Let CP of an article be Rs.x And MP = Rs.(1000 + x) According to question, => (1000 + x) – 100 = [x × 115/100] => 900 + x = 23x/20 => x = 6000 SP of an article = [(100 + 20)/100] × 6000 = Rs.7200
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