If an article is sold on 4x% discount then it sold at 20% loss and if only x% discount is given then it sold at 25% profit. Find the value of "x" (approximately)
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Answer-
The value of x is 11.
Solution-
Let us assume the cost price to be 100 and list price as y.
In first case the article is sold on 4x % discount on a list price of y, so selling price would be,
And as it is sold at 20% loss on a cost price of 100, so selling price would be,
As selling price is same, so
--------------------1
In second case the article is sold on x % discount on a list price of y, so selling price would be,
And as it is sold at 25% profit on a cost price of 100, so selling price would be,
As selling price is same, so
--------------------2
Dividing eq 1 and 2,
Therefore, the value of x is 11.
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