A seller marked his article 60% above the cost price and sold it after offering two successive discounts of 50% and 20% respectively. In the whole transaction the seller lost Rs. 432. Find the selling price of the article.
Let the cost price of the article be Rs. x Therefore, marked price of the article = Rs. 1.60x Selling price of the article = 0.5 × 0.8 × 1.60x = Rs. 0.64x According to the question, (x – 0.64x) = 432 Or, 0.36x = 432 Or, x = 1200 Therefore, selling price of the article = 1200 – 432 = Rs. 768
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