Question
A trader marked an article 40% above its cost price and
sold it after allowing a discount of 25%. If the transaction resulted in a profit of Rs. 30, 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 1.4 = Rs. β1.4xβ Selling price of the article = 1.4x Γ 0.75 = Rs. β1.05xβ Profit = 1.05x β x = Rs. β0.05xβ ATQ; 0.05x = 30 So, x = 600 Therefore, cost price of the article is Rs. 600.
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