Question
A trader marks up the price of an article by 40% and
allows a discount of 25% on the marked price. If his profit is ₹30, find the cost price of the article.Solution
ATQ,
Let cost price = ₹x Marked price = 1.4x Selling price = 1.4x × 0.75 = 1.05x Profit = 1.05x − x = 0.05x = ₹30 ⇒ x = ₹600
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