Question
An article when marked 30% above its cost price and
sold after a discount of 20% is sold for a profit of Rs. 60. If the article was instead marked 50% 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 × 1.3 × 0.8 = 100y + 60 Or, 104y = 100y + 60 So, y = (60/4) = 15 So, cost price of the article = 15 × 100 = Rs. 1500 So, desired selling price = 1500 × 1.5 − 100 = Rs. 2150
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