Question
The marked price of an article is Rs. 15,500, and it is
sold at a 22% discount. The profit made on selling the article is Rs. 1,250. What is the cost price of the article?Solution
ATQ,
Selling price of article = 0.78 × 15,500 = Rs. 12,090
Therefore, cost price of article = 12,090 - 1,250 = Rs.10,840
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