Question
A shopkeeper purchases an article at a 30% discount on
the marked price and sells it at a 50% profit on the cost price. If his profit amounts to ₹840, find the marked price of the article.Solution
Let the marked price = 100x Cost price = 70x Selling price = 150% of 70x = 105x Profit = 105x – 70x = 35x 840 = 35x x = 24 marked price = 100x = 100×24 = 2400
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