A dealer marks up an article 60% above the cost price and sells it to a customer, allowing two successive discounts 12.5% and 15% on the marked price. If he makes a profit of rupees 152, then the cost price of the article is:(In rupee)
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Answer:
Answer
Let x be the cost price of the article.
S.P=x+
100
60
x=
100
160
x
1
st
10% discount
S.P
1
=
100
160
x−
100
10
(
100
160
)x
=
100
90
×
100
160
×x=
50
72x
2nd10% discount
S.P
2
=
50
72x
−
100
10
(
50
72x
)
=
100
90
×
50
72
x=
125
153
x
Profit=
x
125
153
x−x
×100
=
125
28
×100=22.4%
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