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The Cost Price of an Article is 25% Below the Marked Price. If the Article is Available at a 15% Discount and Its Cost Price is Rs. 2,400; Find: (I) Its Marked Price (Ii) Its Selling Price

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Question

The cost price of an article is 25% below the marked price. If the article is available at a 15% discount and its cost price is Rs. 2,400; find:
(i) Its marked price
(ii) its selling price
(iii) the profit percent.

Sum
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Solution

Let M.P. of an article = ₹100

∴ Cost price`=(100xx(100-25))/100`

`=₹(100xx75)/100=₹75`

Discount = 15%

∴ S.P. = ₹100 − 15 = ₹85

But cost price = ₹2400

(i) ∴ Marked price `= ₹2400xx100/75`

= ₹32 × 100 = ₹3200

(ii) and S.P.`=₹(3200xx85)/100` = ₹2720

(iii) Profit = S.P. − C.P. = ₹2720 − 2400 = ₹320

∴ Profit%`=("Profit"xx100)/"C.P."`

`=(320xx100)/2400`

`=40/3%`

`=13 1/3%`

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Chapter 8: Profit, Loss and Discount - Exercise 8 (D) [Page 98]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (D) | Q 14 | Page 98

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