Question
An article when marked 40% above its cost price and sold
after a discount of 20% is sold for a profit of Rs. 240. If the article was instead marked 25% above its cost price and sold after a discount of Rs. 100, then what would be its selling price?Solution
Let the cost price of the article = Rs. '100y' According to the question, 100y × 1.4 × 0.8 = 100y + 240 Or, 112y = 100y + 240 So, y = (240/12) = 20 So, cost price of the article = 20 × 100 = Rs. 2000 So, desired selling price = 2000 × 1.25 − 100 = Rs. 2400
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