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Amit, after giving a 12% discount on the marked price, sells an article for Rs. 369.60. If he had not given any discount he would have gained 20%. Find the cost price of the item.1. Rs. 3202. Rs. 4003. Rs. 3804. Rs. 350 |
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Answer» Correct Answer - Option 4 : Rs. 350 Given: After giving 12% discount on the marked price, the selling price of the article is 369.60 Concept Used: Marked Price (MP) / Cost Price (CP) = (100 + profit %) / (100 - discount %) Calculation: Let, the marked price of the article is 100% He gave a discount of 12% ⇒ After discount selling price of the article (100 - 12) = 88% Accordingly, 88% → 369.60 ⇒ 1% → 369.60/88 ⇒ 100% → (369.6/88) × 100 = 420 Marked price of the article = Rs. 420 If he had not given any discount he would have gained 20% that means then discount % should be 0% MP / CP = (100 + 20) / (100 - 0) ⇒ MP / CP = 120 / 100 ⇒ 420 / CP = 6 / 5 ⇒ CP = 350 ∴ The cost price of the item is Rs. 350. |
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