Question
A shopkeeper sold an article at a discount of 14%. If he had given a discount of 8.5% in place of 14%, then he would have earned Rs. 143 more. If the cost price of the article is 20% less than its marked price, then find the cost price of the article.
Solution
Let the marked price of the article is Rs. ‘x’. According to the question; 0.915x – 0.86x = 143 Or, 0.055x = 143 Or, x = 143/0.055 = 2600 Cost price of the article = (80/100) × 2600 = Rs. 2,080
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