Question
A seller marked an article 70% above its cost price and
sold it after allowing 20% discount. If he made a profit of Rs. 63, 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 × 1.7 = Rs. ‘3.4x’
Selling price of the article = 3.4x × 0.8 = Rs. ‘2.72x’
Profit = 2.72x – 2x = Rs. ‘0.72x’
ATQ;
0.72x = 63
Or, x = 87.5
So, marked price of the article = 87.5 × 3.4 = Rs. 297.5
Selling price of the article = 87.5 × 2.72 = Rs. 238
Required difference = 297.5 – 238 = Rs. 59.5
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