A trader marks up the price of an article by 50% and offers a discount of 20%. If the trader makes a profit of ₹150 on the article, what was its cost price?
Let the cost price be ₹x. Marked price = 1.5x. Selling price after 20% discount = 1.5x × 0.8 = 1.2x. Profit = ₹150, so 1.2x − x = 150. 0.2x = 150 ⇒ x = 750. Ans. d
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