Question
A dealer sold an article for Rs. 1619.5 after allowing a
discount of 21% on its marked price. If the dealer suffered a loss of 18% 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 = 1619.5 ÷ 0.79 = Rs. 2050 Cost price of the article = 1619.5 ÷ 0.82 = Rs. 1975 Required difference = 2050 – 1975 = Rs. 75
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