An article is marked up by 30% above its cost price and then sold after giving a discount of Rs. 1500. If the article had been sold for Rs. 536 more, then there would have been a profit of 20%. Find the cost price of the article?
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Answer:
Given:
The marked price of an article is 30% above the cost price
Calculation:
Let us assume cost price of article is C
⇒ Selling price of article = (1.3C) × (100 - X)/100
⇒ The selling price of article = 1.17C
⇒ (1.3C) × (100 - X)/100 = 1.17C
⇒ 130 - 1.3X = 117
⇒ X = 10%
⇒ The selling price of another article = 500 × {100 + (X + 5)} = 500 × (100 + 15) = 575
∴ The required result will be 575.
Step-by-step explanation:
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