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    Question

    A trader marks an article 60% above its cost price.

    During a sale, he gives a discount of 15% on the marked price and still makes a profit of Rs 360 on the article. Find the cost price and the selling price.
    A Rs 1300 Correct Answer Incorrect Answer
    B Rs 1360 Correct Answer Incorrect Answer
    C Rs 1160 Correct Answer Incorrect Answer
    D Rs 1060 Correct Answer Incorrect Answer

    Solution

    ATQ, Let cost price = C. Marked price = 1.60C Discount 15% ⇒ Selling price S = 1.60C × (1 − 0.15) = 1.60C × 0.85 = 1.36C Profit = S − C = 1.36C − C = 0.36C Given: 0.36C = 360 ⇒ C = 360 / 0.36 = 1000 So: Cost price = Rs 1000 Selling price = 1.36 × 1000 = Rs 1360

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