Question
A shopkeeper marked an article Rs. 400 above the cost
price and sold it after giving two successive discounts of 20% and 15% respectively, and faces a loss of Rs. 160. Cost price of the article is:Solution
ATQ, Let the cost price of the article be Rs. ‘x’. Marked price of the article = Rs. 4x+400. According to the question: x−160=0.80×0.85×(x+400) x−160=0.68x+272 0.32x=432 x=1350
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