Question
A dealer sold an article for Rs. 1005 after allowing a
discount of 33% on its marked price. If the dealer suffered a loss of 25% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.Solution
Marked price of the article = 1005 ÷ 0.67 = Rs. 1500 Cost price of the article = 1005 ÷ 0.75 = Rs. 1340 Required difference = 1500 – 1340 = Rs. 160
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