Question
A trader marked an article 50% above its cost price and
sold it after allowing a discount of 20%. If the transaction resulted in a profit of Rs. 200, 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 1.50 = Rs. β1.5xβ Selling price of the article = 1.5x Γ 0.8 = Rs. β1.2xβ Profit = 1.2x β x = Rs. β0.2xβ ATQ; 0.02x = 200 So, x = 1000 Therefore, cost price of the article is Rs. 1000.
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