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Question 124
The marked price of an article is 500. A shopkeeper gives a discount of 5% and still makes a profit of 25%. The cost price of the article is.
Solution
Marked price = 500
Now, 5% of 500 = $$\frac{5}{100}$$ * 500 = 25
=> Selling price = 500-25 = 475
Profit % = 25%
Let C.P. = $$x$$
=> $$\frac{475-x}{x}$$ * 100 = 25
=> $$5x = 1900 => x = 380$$
C.P. = 380
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