Question 58

After allowing a discount of $$12\frac{1}{2}$$% on the marked price of an article. it was sold for ₹700. Had the discount NOT been given, the profit would have been 60%.The cost price of the article is:

Solution

Selling price after 12.5% discount = 700

=> Marked price = $$\frac{700}{87.5}\times100=Rs.$$ $$800$$

If no discount is given, then selling price = marked price = Rs. 800

=> Cost price after 60% profit = $$\frac{800}{160}\times100=Rs.$$ $$500$$

=> Ans - (A)

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