Question
A shopkeeper sold an article at a discount of 13%. If he
had given a discount of 7% in place of 13%, then he would have earned Rs. 108 more. If the cost price of the article is 24% less than its marked price, then find the cost price of the article.Solution
Let the marked price of the article is Rs. ‘x’. According to the question; 0.93x – 0.87x = 108 Or, 0.06x = 108 Or, x = 108/0.06 = 1800 Cost price of the article = (24/100) × 1800 = Rs. 1368
Stock on 1st Jan = ₹1,00,000
Purchases = ₹2,50,000
Sales = ₹3,00,000
Gross Profit = 25% on sales
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