Question
An article is priced 25% higher than its cost price and
is sold at a discount of 10% on the marked price. If the profit made from the sale is Rs. 50, determine the selling price of the article.ÂSolution
Let the cost price of the article be Rs. ‘x’. Marked price of the article = Rs. 1.25x So, 90% of 1.25x = x + 50 1.125x = x + 50 0.125x = 50 x = 400 Selling price of the article = x + 50 = Rs. 450
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