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Question

When a discount of 15% is allowed on the marked price of an article, it is sold for Rs. 2975.
Calculate its marked price. Given that the marked price is 40% above the cost price of the article, calculate:
(i) its cost price
(ii) the profit in Rs. made by the sale of the article.

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Solution

Let marked price =Rs. x
x15x100=2975
x=2975×10085=3500
Cost price x(1+40100)=M.P
Cost price =100140×3500=2500
Profit =Rs. 29752500=Rs. 475.

1214919_1396717_ans_dbe5b10187c34ba2a5db09b83c29c044.jpg

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