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Marked price of an article is Rs. 275. Shopkeeper allows a discount of 5% and he gets a profit of 4.5%. The actual cost of the article is
- A250
- B225
- C215
- D210
Answer not set
Discussion 1
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CCommunity
Let, Actual cost of the article is ‘x’
Given,
After allowing 5% discount,
The price at which it is sold = 275 – 0.05 × 275
= 275 – 13.75
= Rs. 261.25
According to the question,
Profit = 4.5%
∴ x + 0.045x = 261.25
⇒ 1.045x = 261.25
⇒ x = Rs. 250
Given,
After allowing 5% discount,
The price at which it is sold = 275 – 0.05 × 275
= 275 – 13.75
= Rs. 261.25
According to the question,
Profit = 4.5%
∴ x + 0.045x = 261.25
⇒ 1.045x = 261.25
⇒ x = Rs. 250