Question 93

A trader marksanarticle 25%aboveits cost price. He sells it by giving a discount of 15%. If the selling price ofthis article is Rs. 9350, then its cost price, in rupees, is

Solution

Let the cost price of the article is x Rs.

As per the condition, the marked price of article $$=\dfrac{125x}{100}=1.25x$$Rs.

The price of the article after the discount $$=\dfrac{1.25x \times 85}{100}=1.25\times 0.85 \times x$$

The selling price of the article $$1.25\times 0.85 \times x=9350$$Rs.

$$x=\dfrac{9350}{1.25\times 0.85}=8800$$Rs.

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