Question
An article is marked 50% above its cost price and sold
after offering a discount of Rs. 50 such that its selling price is Rs. 120 more compared to its selling price when it is marked Rs. 80 above its cost price and sold after allowing a discount of 15%. Find the cost price of the article.Solution
ATQ, Let the cost price of the article = Rs. '100a' According to the question, (100a X 1.5 - 50) - 120 = (100a + 80) X 0.85 Or, 150a - 170 = 85a + 68 Or, 65a = 238 Or, 'a' = 3.66 Therefore, the cost price of the article = 3.66 × 100 = Rs.366
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