A shopkeeper marked an article Rs. 750 above its cost price and sold it after giving a discount of 20% and earned a profit of 28%. Find the cost price of the article
Let cost price of the article is Rs. 100x So, 1.28 × 100x = 0.8 × (100x + 750) Or, 128x = 80x + 600 Or, 48x = 600 Or, x = 12.5 Cost price of the article = 100 × 12.5 = Rs. 1250
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