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Question 79
The cost price of an article is x. It is marked up by 120%. It is sold at Rs 8800 after giving 20% discount. What is the value (in Rs) of x?
Solution
$$\frac{100-20}{100} \times \frac{100+120}{100} \times (x) = 8800$$
$$\frac{80}{100} \times \frac{220}{100} \times (x) = 8800$$
$$ x = 8800/(1.76) = 5000$$
So the answer is option D.
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