Question
A dealer sold an article for Rs. 276.5 after allowing a
discount of 30% on its marked price. If the dealer suffered a loss of 21% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.Solution
Marked price of the article = 276.5 ÷ 0.7 = Rs. 395 Cost price of the article = 276.5 ÷ 0.79 = Rs. 350 Required difference = 395 – 350 = Rs. 45
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