Question
A jacket is marked 50% above its cost price and sold
after allowing a discount of 30%. If the jacket is sold for Rs. 525, then find the cost price of the jacket.Solution
ATQ, Let the cost price of the jacket be Rs. '100x'. Therefore, the marked price of the jacket = '100x' × 1.5 = Rs. '150x'. ATQ: '150x' × 0.7 = 525 Or, '105x' = 525 Or, 'x' = 525 ÷ 105 = 5 Therefore, the cost price of the jacket = 100x = 100 × 5 = Rs. 500.
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