Question
A shopkeeper marked his article 62.5% above the cost
price and sold it after giving a single discount of 8%. If the shopkeeper earned a proit of Rs. 396 in the whole transaction, then ind the marked price of the article.Solution
Let cost price of the article is Rs. ‘8x’. So, marked price of the article = 1.625 × 8x = Rs. ‘13x’ Selling price of the article = 0.92 × 13x = Rs. 11.96x According to question; 11.96x – 8x = 396 Or, 3.96x = 396 Or, x = 100 So, cost price of the article = 8 × 100 = Rs. 800 Marked price of the article = 1.625 × 800 = Rs. 1300
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