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A dealer marks up an article 60% above the cost price and sells it to a customer, allowing two successive discounts 12.5% and 15% on the marked price. If he makes a profit of rupees 152, then the cost price of the article is:(In rupee)
1. 400
2. 600
3. 800
4. 1200

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Correct Answer - Option 3 : 800

Given: 

Marks up % = 60%, Two successive discounts 12.5% and 15% is given to customer

Concept: 

S.P = M.P - Discount

Profit = S.P - C.P

Calculation: 

Let cost price of an article is 100 units.

According to the question

The marked price is 

⇒ 100 + (100 × 60%)

⇒ 100 + 60 

⇒ 160 units

Now, 

Discount on the article is 

⇒ 160 - (160 × 12.5%)

⇒ 160 - 20

⇒ 140

Again, Discount is 

⇒ 140 - (140 × 15%)

⇒ 140 - 21

⇒ 119 unit

Then, The profit on the article is 

⇒ 119 - 100

⇒ 19 units

But actual profit is 152 rupees

⇒  19 units = 152

⇒ 1 unit = 152/19 = 8 rupee

The cost price of the article is = Rs. (100 × 8) = Rs. 800 

∴ Cost price of the article is Rs. 800

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