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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
    E None of these Correct Answer Incorrect Answer

    Solution

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

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