Marked price of an article is 70% more than its cost price. After giving a discount of 10%,article is sold for ₹ 1071. What will be the cost price of the article?
Let Cost Price of the article be Rs.100x
Then, Marked Price of the article = 170% of Rs.100x = Rs.170x
Selling Price after discount of 10% = 90% of Rs.170x = Rs.153x
Given, Rs.153x = Rs.1071
=> x = Rs.7
Therefore, Cost Price = Rs.100x = Rs.100*7 = Rs.700
Create a FREE account and get:
Detailed syllabus & Topic-wise Weightage
By proceeding you agree to create your account
Free CAT Syllabus PDF will be sent to your email address soon !!!
