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      Question

      A trader marked an article 35% above its cost price and

      sold it after allowing a discount of 20%. If the transaction resulted in a profit of Rs. 34, then find the cost price of the article
      A Rs. 425 Correct Answer Incorrect Answer
      B Rs. 405 Correct Answer Incorrect Answer
      C Rs. 420 Correct Answer Incorrect Answer
      D Rs. 435 Correct Answer Incorrect Answer

      Solution

      Let the cost price of the article be Rs. β€˜x’ Marked price of the article = x Γ— 1.35 = Rs. β€˜1.35x’ Selling price of the article = 1.35x Γ— 0.8 = Rs. β€˜1.08x’ Profit = 1.08x – x = Rs. β€˜0.08x’ ATQ; 0.08x = 34 So, x = 425 Therefore, cost price of the article is Rs. 425.

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