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The cost price of an article is Rs. 800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is

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The cost price of an article is Rs. 800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is
1). Rs. 1,000
2). Rs. 1,100
3). Rs. 1,200
4). Rs. 1,300


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1 answers

2 vote
Answered by on | Votes 2 |

Let, The marked price of the article is ‘x’.

After allowing a discount of 10%,

Price at which it is sold = x – 0.10x = 0.90x.

 According to the question,

The cost price = Rs.800.

Gain made = 12.5%.

∴ 0.90x = 800 + 0.125 × 800

⇒ 0.90x = 900

⇒ x = 1000.

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