A person bought an article at 30% discount on its marked price. The person then sold it at 30% profit for ₹427.70. What was the marked price of the article?
Given, %profit = 30%, S.P. =427.70 rs, discount% = 30%
Let C.P. of article is x rs.
profit$$=30$$% of c.p.
profit$$=\dfrac{30x}{100}$$
profit$$=\dfrac{30x}{100}$$
profit$$=\dfrac{3x}{10}$$
profit$$=S.P.-C.P.$$
$$\dfrac{3x}{10}=427.70-x$$
$$\dfrac{3x}{10}+x=427.70$$
$$\dfrac{13x}{10}=427.70$$
$$13x=4277$$
$$x=\dfrac{4277}{13}$$
$$x=329$$rs.
C.P.= MP-discount
CP=70%OF MP
$$329=\dfrac{70MP}{100}$$
MP$$=\dfrac{329\times100}{70}$$
MP=470 rs.
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