Question
An article when marked 60% above its cost price and
sold after a discount of 25% is sold for a profit of Rs. 300. If the article was instead marked 20% above its cost price and sold after a discount of Rs. 120, then what would be its selling price?Solution
Let the cost price of the article = Rs. '100y' According to the question, 100y × 1.6 × 0.75 = 100y + 300 Or, 120y = 100y + 300 So, y = (300/20) = 15 So, cost price of the article = 15 × 100 = Rs. 1500 So, desired selling price = 1500 × 1.2 − 120 = Rs. 1680
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