14) Profit and Loss: A shopkeeper sold an article at 20% discount and made a loss of Rs 90. If he had sold it at 5% discount, he would have gained Rs 90. Find the cost price and the marked price of the article.
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Answer:
Step-by-step explanation:
Market Price:Rs 1200
Discount :—20%
Cost Price :— Rs 1050
Let the marked price be Rs x
Sold at discount :-0.80x
Loss Rs 90
O.80x + 90 = Cost Price
The other equation
O.95 x —90 = Cost price
O.95 x —90 = 0.80 x + 90
Solving :-
x = 1200
Market Price :- Rs 1200
Cost Price :— Rs 1050
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