Question : A dealer is selling an article at a discount of 5% on the marked price. If the marked price is 12% above the cost price and the article was sold for Rs. 532, then the cost price is (in Rs.):
Option 1: 500
Option 2: 525
Option 3: 505
Option 4: 520
Answer (1)
24th Jan, 2024
Correct Answer: 500
Solution :
Given that, Selling price of article = Rs. 532 and discount = 5%
Let the cost price of the article be Rs.
The marked price is 12% above the cost price,
According to the question,
⇒
⇒
Hence, the correct answer is 500.
Comments (0)
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