Question
What was the cost price of an item that a shopkeeper
sold at a 20% discount after initially marking it up by 60%, resulting in a profit of Rs. 126?Solution
ATQ, Let cost price of the article is Rs. 100x Marked price of the article = 1.60 × 100x = Rs. 160x Selling price of the article = 0.80 × 160x = Rs. 128x According to question; 128x – 100x = 126 Or, 28x = 126 Or, x = 4.5 Cost price of the article = 4.5 × 100 = Rs. 450
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