Question
A seller initially marked the price of an article 25%
higher than its cost price. However, to finalize the sale, a 30% discount was offered on this marked price. If this transaction resulted in a loss of Rs. 350 for the seller, what was the original cost price of the article?Solution
Let cost price of article be Rs. 100x. Selling price of the article = 100x × 1.25 × 0.70 = 87.5x Or, 100x – 87.5x = 350 Or, 12.5x = 350 Or, x = 28 So, cost price of the article = Rs. 2800
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