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A dealer fixed the price of an article 40% above the cost of production. While selling it he allows a discount of 25% and makes a profit of Rs. 80. The cost of production (in Rs.) of the article is:


1. Rs. 1200
2. Rs. 1500
3. Rs. 1350
4. Rs. 1600

1 Answer

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Best answer
Correct Answer - Option 4 : Rs. 1600

Given:

Marked price = 40% above above the cost of production

Discount = 25%

Profit = Rs. 80

Formula used:

S.P = M.P × [(100 – Discount%)/100]

Calculation:

Let CP be Rs. 100x

MP = Rs. 100x × (140/100) = Rs. 140x

SP = Rs. 140x × (75/100) = Rs. 105x

Profit = Rs. (105x – 100x) = Rs. 5x

According to the question,

⇒ 5x = Rs. 80

⇒ 100x = Rs. (80/5x) × 100x = Rs. 1600

The CP of the article is Rs. 1600 

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