When a discount of 15% is allowed by the market price of an article it is sold for Rs.2975 calculate its market price given that the market price is 40% above the cost price of the article calculate its cost and the profit in rupees made by the seller of the article
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85% of market price = 2975
market price = (2975*100)/85 = 3500
market price is 40% above cost price.
so the cost price (3500*100)/140=2500
market price = (2975*100)/85 = 3500
market price is 40% above cost price.
so the cost price (3500*100)/140=2500
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