Question
Rihaan purchased a certain article for Rs. 2600 and then
spent some amount on its repair. He marked up the article by 25% above the effective cost price. He sold the article after giving Rs. 300 discount and earned a 15% profit. Find the amount spent on repair.Solution
Let repair cost = Rs. x
Effective cost = 2600 + x
Marked Price = 1.25(2600 + x)
Selling Price = Marked – 300 = 1.15(2600 + x)
1.25(2600 + x) – 1.15(2600 + x) = 300
0.10(2600 + x) = 300
2600 + x = 3000
x = Rs. 400
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