Question
A shopkeeper marked an article βAβ 60% above the
cost price and sold it for Rs. 1600 after giving a certain discount while he sold an article βBβ for Rs. 1300. If cost price of article βBβ is Rs. 1000 and profit percentage earned on selling article βBβ is 50% more than discount percentage given on selling article βAβ then find the cost price of article βAβ.Solution
Percentage profit earned on selling article βBβ = [(1300 β 1000)/1000] Γ 100 = 30% So, percentage discount given on selling article βAβ = 30/1.5 = 20% So, marked price of article βAβ = 1600/0.80 = Rs. 2000 Cost price of article βAβ = 2000/1.60 = Rs. 1250
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