Question
A shopkeeper marks an article 40% above its cost price
and allows a discount of 15% on the marked price. If the selling price of the article is Rs. 714, then what is the cost price of the article?Solution
ATQ, Let the cost price be x. Marked price = 140% of x = 1.4x Selling price = 85% of marked price = 85% of 1.4x = 1.19x Given, 1.19x = 714 x = 714 / 1.19 = 600 Hence, the correct answer is Rs. 600.
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