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    Question

    A trader marked an article 16% above its cost price and

    sold it after allowing a discount of 10%. If the transaction resulted in a profit of Rs. 11, then find the cost price of the article
    A Rs. 250 Correct Answer Incorrect Answer
    B Rs. 200 Correct Answer Incorrect Answer
    C Rs. 270 Correct Answer Incorrect Answer
    D Rs. 220 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the cost price of the article be Rs. тАШxтАЩ Marked price of the article = x ├Ч 1.16 = Rs. тАШ1.16xтАЩ Selling price of the article = 1.16x ├Ч 0.9 = Rs. тАШ1.044xтАЩ Profit = 1.044x тАУ x = Rs. тАШ0.044xтАЩ ATQ; 0.044x = 11 So, x = 250 Therefore, cost price of the article is Rs. 250.

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