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(1)A shopkeeper marks his goods at such a price that would give him a profit of 10% afterallowing a discount of 1 2%. If an article is marked at Rs 2250, find its :(i) selling pricethe cost price of the article if he makes 25% profit on selling it.048.(ii) cost price |
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Answer» Let the selling price and cost price of the goods be x and y respectively.Marked price = Rs 2250Discount = 12% of marked priceThus,selling price = 88% of marked price = 88% of 2250 = 0.88 X 2250 = Rs. 1980Cost price = selling price - profit(1 + 0.10)cost price = selling price1.10 cost price = 1980Cost Price = 1980/1.10 = Rs 1800 |
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