Question:

Shikha sells an article for ₹253, after giving 12% discount on its marked price. Had she not given any discount, she would have earned a profit of 25% on the cost price. What is the cost price of the article?

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When solving such problems, use the formula for percentage profit and loss: \[ \text{Profit} = \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \times 100 \]
Updated On: Apr 19, 2025
  • ₹220
  • ₹225
  • ₹230
  • ₹235
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The Correct Option is A

Solution and Explanation

Let the cost price be \( x \). - Selling price after discount = ₹253 - Discount = 12% of the marked price, so the marked price = \( \frac{253}{(1 - 0.12)} = ₹287.5 \). - Profit is 25% on the cost price, so \( \frac{25}{100} \times x = ₹287.5 - x \). - Solving for \( x \), we find \( x = ₹220 \). Thus, the cost price is ₹220.
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