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The list price of an article is 800 and isavailable at a discount of 15 percent. Find:(i) the selling price of the article;(i) the cost price of the article, if a profit f% is made on selling it.313 |
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Answer» MP or LP = Rs 800Discount = 15% Discount amount = L P* 15/100 = Rs 800 * 15/100 = Rs120Selling price = LP - discount amount = Rs800 - Rs 120 = Rs 680Let Cost Price be CPProfit made = 40/3 %Profit amount = CP * 40/(3*100) = 0.4CP/3 Selling Price = SP = CP + profit = CP + 0.4 CP/3 = CP ( 1 + 0.4/3) = CP * (3+ 0.4)/3 Hence 680 = CP * 3.4/3 CP = 3 * 680 / 3.4 = Rs 600 |
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