Question
A shopkeeper marks up the price of an article by 40%
above its cost price. During a sale, he offers a discount of 20% on the marked price. If the selling price is â‚ą672, find the cost price of the article.Solution
Let the cost price be â‚ąx. Marked price = x + 40% of x = 1.4x Selling price = 1.4x - 20% of 1.4x = 0.8 Ă— 1.4x = 1.12x 1.12x = 672 x = 672 / 1.12 = â‚ą600 Correct answer: a) â‚ą600
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