Question
A businessman increased the price of an equipment by 70%
above the cost and sold it with two successive discounts of 12% and 10%. If the profit earned is Rs. 3,150, determine the cost price.Solution
ATQ,
Let the cost price be Rs. x. Marked price = Rs. 1.70x Selling price = 1.70x × 0.88 × 0.90 = x + 3150 1.3464x = x + 3150 0.3464x = 3150 x = 9,091 So, the cost price of the equipment = Rs. 9,091
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