Question
The marked price of an article is Rs. 3260. The
shopkeeper offered a 15% discount on it and made a profit of 10.84%. What is the percentage by which the marked price of the article exceeds its cost price?Solution
Let, the cost price of the article be Rs. x Selling price of the article = 85% of 3260 = Rs. 2771 So, 110.84% of x = 2771 x = 2500 Required percentage = {(3260 – 2500)/2500} × 100 = 30.4%
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