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Question 54
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?
Solution
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
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