Question 70

After allowing a discount of 10% on the marked price of an article,it is sold for ₹360. Had the discount not been given, the profit would have been 25%. Whatis the costprice ofthe article?

Solution

Let Marked price be MP

$$MP\times\ \frac{90}{100}=360$$

MP = ₹400

As we know , Selling price = Cost price + profit

As per the condition given in the question,

$$CP\times\ \frac{125}{100}=400$$ (if discount not been given, the selling price is equal to marked price

CP = ₹320

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