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Question 72
An article was sold for ₹4,000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:
Solution
Selling Price of the article = Rs.4000
Let the marked price of the article be Rs.100x
100x = Rs.4000
x = Rs.40
Selling price after 10% discount = 90% of Rs.100x = Rs.90x
Profit = 20%
Then, Cost Price = $$90x \times \dfrac{100}{120} = Rs.75x = Rs.75*40 = Rs.300$$
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