Question 132

Glenn labelled the price of an article in such a way so as to earn 25% profit. However, while selling he offered 6% discount on the labelled price. If he sold it for Rs. 10,340, what was the cost price of the article ?

Solution

Let C.P. of article = Rs. $$100x$$

=> Marked price = $$\frac{125}{100} \times 100x = 125x$$

=> Selling price after offering 6 % discount = Rs. 10,340

=> $$\frac{94}{100} \times 125x = 10340$$

=> $$\frac{47}{2} \times 5x = 10340$$

=> $$x = \frac{10340 \times 2}{47 \times 5}$$

=> $$x = \frac{440}{5} = 88$$

$$\therefore$$ = C.P. = $$100 \times 88$$ = Rs. $$8,800$$

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