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Question 64
An article is sold for ₹360 after allowing discount of 20% on its marked price. Had the discount not been allowed, the profit would have been 50%. The cost price of the article is:
Solution
Hence, M.P. = $$\frac{360}{80}\times100$$ = 450
Now S.P = 450 and Profit = 50%
C.P = $$\frac{100}{150}\times450=300\ $$
hence cost price of article = Rs 300.
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