Question
A trader marked an article 80% above its cost price and
sold it after allowing a discount of 40%. If the transaction resulted in a profit of Rs. 22, then find the cost price of the articleSolution
Let the cost price of the article be Rs. βxβ Marked price of the article = x Γ 1.8 = Rs. β1.8xβ Selling price of the article = 1.8x Γ 0.6 = Rs. β1.08xβ Profit = 1.08x β x = Rs. β0.08xβ ATQ; 0.08x = 22 So, x = 275 Therefore, cost price of the article is Rs. 275.
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