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. 40, 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 1.70 = Rs. β1.7xβ Selling price of the article = 1.7x Γ 0.6 = Rs. β1.02xβ Profit = 1.02x β x = Rs. β0.02xβ ATQ; 0.02x = 40 So, x = 2000 Therefore, cost price of the article is Rs. 2000.
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