Question 70

A shopkeeper fixes the price of an article in such a way that after allowing 32% discount, he wants again of 14%. If the marked price is ₹342, then the cost price of the article is:

Solution

Marked price = 342

Selling price = 342 $$\times \frac{100 - 32}{100} = 342 $$\times \frac{68}{100} = 232.56

Let the cost price of an article be 100%.

Selling price = 100% + 14% = 114%

114% = 232.56

100% = $$\frac{232.56}{114} \times 100 = Rs. 204

Cost price of an article = Rs. 204

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