Question
The marked price of an article is Rs. 22,500, and it is
sold at a 25% discount. The profit made on selling the article is Rs. 1,950. What is the cost price of the article?Solution
ATQ,
Selling price of article = 0.75 Γ 22,500 = Rs. 16,875
Therefore, cost price of article = 16,875 - 1,950 = Rs. 14,925
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