Question
The selling price of an article when sold at a loss of
15% is Rs. 175 less than the selling price of the same article when selling at a profit of 20%. If the article had been marked 25% above its cost price and then sold after a discount of Rs. 60, then what would be its selling price?Solution
Let the cost price of the article = Rs. 100x Then, according to the question, (100x X 1.2) - (100x X 0.85) = 175 Or 120x - 85x = 175 Or 35x = 175 So, x = (175/35) = 5 So, the cost price of the article = 5 X 100 = 500 so desired selling price = (500×1.25)-60=565
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