A trader found that after allowing a discount of
15% on marked price, the selling price is 6,800 for
an article. Had he sold it at marked price, he would
have made a profit of 60%. Cost price of the article
is
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Answer:
cp=rs8000
(mp=marked price
d=discount
p=profit)
Step-by-step explanation:
let the marked price be x
sp=mp-d
6800=x-15x/100
6800=85x/100
x=8000
therefore mp=8000
d=15% of x
=15/100×8000
=1200
therefore d=1200
profit=60%of x
=60/100×8000
=4800
therefore p=4800
profit%=p/cp×100
=>60=4800/cp×100
=>60=480000/cp
=>cp=480000/60
cp=8000
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