Question
A shopkeeper marks an article 60% above its cost price
. During a sale, he gives successive discounts of 20%  and 15% . Even after this, he earns a profit of Rs. 220 . What is the cost price of the article?Solution
Let cost price = x Marked price = 1.6x Selling price after discounts = 1.6x × 0.8 × 0.85 = 1.088x Profit = 1.088x - x = 0.088x 0.088x = 220 x = 2500
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