Question
The selling price of an item,
when sold at a 35% profit, is Rs. 168 higher than its selling price when sold at a 5% loss. If the item is marked at 25% above its cost price and then sold with a discount of Rs. 60, determine its selling price.Solution
ATQ,
Let the cost price of the item = Rs. ‘100y’ Then, according to the question, 100y × 1.35 – 100y × 0.95 = 168 Or, 135y – 95y = 40y = 168 So, y = 168 ÷ 40 = 4.2 So, cost price of the item = Rs. 420 So, selling price of the item = 420 × 1.25 – 60 = Rs.465
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