Question
A seller marked an article 50% above its cost price and
sold it after allowing 20% discount. If he made a profit of Rs. 40, then find the difference between selling price and marked price of the article.Solution
Let the cost price of the article be Rs. ‘2x’
So, marked price of the article = 2x × 1.5 = Rs. ‘3x’
Selling price of the article = 3x × 0.8 = Rs. ‘2.4x’
Profit = 2.4x – 2x = Rs. ‘0.4x’
ATQ;
0.4x = 40
Or, x = 100
So, marked price of the article = 100 × 3 = Rs. 300
Selling price of the article = 100 × 2.4 = Rs. 240
Required difference = 300 – 240 = Rs. 60
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