Question
A shopkeeper bought article ‘A’ for Rs. ‘x’ and
marked it 20% above its cost price and sold it for Rs. 6000. Marked price of article ‘B’ is Rs. 700 more than that of article ‘A’ while selling price of article ‘B’ is Rs. 200 more than that of ‘A’. Find the cost price of article ‘A’ if article ‘B’ is sold at a discount of 20%.Solution
Selling price of article ‘B’ = 200 + 6000 = Rs. 6200 Marked price of article ‘B’ = 6200/0.80 = Rs. 7750 Marked price of article ‘A’ = 7750 – 700 = Rs. 7050 Cost price of article ‘A’ = 7050/1.2 = Rs. 5875
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