Question

    A shopkeeper marked an article Rs. 350 above its cost

    price and sold it after giving a discount of 25% and earned a profit of 17%. Find the cost price of the article
    A Rs. 605 Correct Answer Incorrect Answer
    B Rs. 635 Correct Answer Incorrect Answer
    C Rs. 625 Correct Answer Incorrect Answer
    D Rs. 630 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let cost price of the article is Rs. 100x So, 1.17 × 100x = 0.75 × (100x + 350) Or, 117x = 75x + 262.5 Or, 42x = 262.5 Or, x = 6.25 Cost price of the article = 100 × 6.25 = Rs. 625

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