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 articleSolution
Let the cost price of the article be Rs. âxâ Marked price of the article = x Ă 1.16 = Rs. â1.16xâ Selling price of the article = 1.16x Ă 0.9 = Rs. â1.044xâ Profit = 1.044x â x = Rs. â0.044xâ ATQ; 0.044x = 11 So, x = 250 Therefore, cost price of the article is Rs. 250.
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