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Question

A dealer is selling an article at a discount of 5 % on the marked price and its marked price is Rs. 140. What is the cost price, if the marked price is 12% above the cost price?

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Solution

Let the cost price be Rs. x
12% above = Rs. 1.12x
1.12x=140
x=140×100112= Rs. 125
Therefore, the cost price of an article is Rs. 125.

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