Question
A shopkeeper marked his goods at 24.5% above the cost
price, and sold them after giving two successive discounts of 20% and 50% for Rs. 249. Find the cost price of the goods (in Rupees).Solution
Let cost price of goods = Rs. n
Marked price of the goods = Rs.1.245n
Selling Price of article = 1.245n x 0.8x 0.5 = 0.498n
According to question,
0.498n = 249
n = 500
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