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      Question

      A trader marked an article 70% above its cost price and

      sold it after allowing a discount of 40%. If the transaction resulted in a profit of Rs. 20, then find the cost price of the article
      A Rs. 1000 Correct Answer Incorrect Answer
      B Rs. 1200 Correct Answer Incorrect Answer
      C Rs. 1300 Correct Answer Incorrect Answer
      D Rs. 1500 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. тАШxтАЩ Marked price of the article = x ├Ч 1.7 = Rs. тАШ1.7xтАЩ Selling price of the article = 1.7x ├Ч 0.6 = Rs. тАШ1.02xтАЩ Profit = 1.02x тАУ x = Rs. тАШ0.02xтАЩ ATQ; 0.02x = 20 So, x = 1000 Therefore, cost price of the article is Rs. 1000.

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