Question
A shopkeeper marked an article P% above its cost price
and sold it for Rs. 240 after giving a discount of 20%. If the ratio of cost price and selling price of the article is 25:30, respectively, then find the selling price if the article is sold at a profit of (P + 2)%.Solution
Cost price of the article = (25/30) × 240 = Rs. 200 Marked price of the article = 240/0.8 = Rs. 300 P% = [(300 – 200)/200] × 100 = 50% Or, P = 50 Desired selling price = 200 × 1.52 = Rs. 304
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