Question
A shopkeeper marked an article Rs. 850 above its cost
price and sold it after giving a discount of 30% and earned a profit of 20%. Find the cost price of the articleSolution
Let cost price of the article is Rs. 100x So, 1.2 × 100x = 0.7 × (100x + 850) Or, 112x = 70x + 595 Or, 50x = 595 Or, x = 11.9 Cost price of the article = 100 × 11.9 = Rs. 1190
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