Question 57

Suman sold an article for 882 after allowing 16% discount on its marked price. Had she not allowed any discount, she would have gained 20% on the cost price. What is the cost price ofthe article?

Solution

MP-discount=SP
MP-0.16MP=882
0.84MP=882
MP=882*100/84
Given in the second case MP=SP
Therefore 1.2CP=SP
CP=SP/1.2
CP=(882*100)/(84*1.2)
CP=875

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