Question
Cost price of an article is 25% less than its marked
price of article. The item is then sold for Rs. 5,950, achieving a profit margin of (40/3)%. Calculate the discount provided on the marked price.Solution
Let the marked price of article be Rs. '100b'. Cost price of article = 0.75 X 100b = Rs. '75b' Selling price of article = (340/3) % of 75b = (17/15) X 75b = Rs. '85b' So, 85b = 5,950 Or, 'b' = (5,950/85) = 70 Required discount = Rs. (100b - 85b) = Rs. '15b' = Rs. (15 X 70) = Rs. 1050
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