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Glenn labelled the price of an article in such a way so as to earn 25% profit. However, while selling he offered 6% discount on the labelled price. If he sold it for Rs. 10,340, what was the cost price of the article ?1). Rs. 9,2002). Rs. 8,0003). Rs. 8,8004). Rs. 8,600 |
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Answer» Solution Let C.P. of article = RS. $100x$ => MARKED price = $\frac{125}{100} \TIMES 100x = 125x$ => Selling price after offering 6 % discount = Rs. 10,340 => $\frac{94}{100} \times 125x = 10340$ => $\frac{47}{2} \times 5X = 10340$ => $x = \frac{10340 \times 2}{47 \times 5}$ => $x = \frac{440}{5} = 88$ $\therefore$ = C.P. = $100 \times 88$ = Rs. $8,800$ |
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