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Question
The list price of an article is Rs.800 and is available at a discount of 15 percent. Find :
(i) selling price of the article ;
(ii) cost price of the article, if a profit of `13 1/3` % is made on selling it.
Solution
A list price of the article = Rs.800
Discount @ 15% =`15/100xx"Rs."800`
= Rs.120
(i) S.P. of the article = Rs.800 − Rs.120
= Rs.680
(ii) S.P. of the article = Rs.680
Profit =`13 1/3%=40/3%`
C.P. =`100/(100+"Profit")xx"S.P."`
`=100/(100+40/3)xx"Rs."680`
`=100/(340/3)xx"Rs."680`
`=3/340xx100xx680` =3 × 100 × 2 Rs.
= Rs.600
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