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Question
An article is marked at Rs. 2,250. By selling it at a discount of 12%, the dealer makes a profit of 10%. Find :
(i) the selling price of the article.
(ii) the cost price of the article for the dealer.
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Solution
(i) Marked price = Rs. 2,250
S.P.`=(2250(100-12))/100`
`=(2250xx88)/100`
= 45 × 44
= Rs. 1980
(ii) S.P. = Rs. 1980, Profit = 10%
∴ C.P. of the article =`100/110xx1980`
= 100 × 18
= Rs.1800
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