Question
A dealer sold an article for Rs. 1462.5 after allowing a
discount of 25% on its marked price. If the dealer suffered a loss of 22% 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 = 1462.5 ÷ 0.75 = Rs. 1950 Cost price of the article = 1462.5 ÷ 0.78 = Rs. 1875 Required difference = 1950 – 1875 = Rs. 75
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