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An article is marked at Rs 2.250. By se...

An article is marked at Rs 2.250. By selling it at a discount of 12%, the dealer makes a profit of 10%. Find :
the cost price of the article for the dealer.

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The correct Answer is:
To find the cost price of the article for the dealer, we will follow these steps: ### Step 1: Calculate the Discount The discount is given as 12% of the marked price. The marked price (MP) is Rs 2250. \[ \text{Discount} = \frac{12}{100} \times 2250 = 270 \] ### Step 2: Calculate the Selling Price The selling price (SP) can be calculated by subtracting the discount from the marked price. \[ \text{Selling Price} = \text{Marked Price} - \text{Discount} = 2250 - 270 = 1980 \] ### Step 3: Use the Profit Formula We know that the dealer makes a profit of 10%. The formula for profit percentage is: \[ \text{Profit Percentage} = \frac{\text{SP} - \text{CP}}{\text{CP}} \times 100 \] Given that the profit percentage is 10%, we can set up the equation: \[ 10 = \frac{1980 - \text{CP}}{\text{CP}} \times 100 \] ### Step 4: Rearranging the Equation To solve for the cost price (CP), we rearrange the equation: \[ 10 = \frac{1980 - \text{CP}}{\text{CP}} \times 100 \] Dividing both sides by 100: \[ 0.1 = \frac{1980 - \text{CP}}{\text{CP}} \] Cross-multiplying gives us: \[ 0.1 \times \text{CP} = 1980 - \text{CP} \] ### Step 5: Solve for CP Now, we will add CP to both sides: \[ 0.1 \text{CP} + \text{CP} = 1980 \] This simplifies to: \[ 1.1 \text{CP} = 1980 \] Now, divide both sides by 1.1: \[ \text{CP} = \frac{1980}{1.1} = 1800 \] ### Conclusion The cost price of the article for the dealer is Rs 1800. ---
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ICSE-PROFIT, LOSS AND DISCOUNT -EXERCISE 8 (D)
  1. A shopkeeper buys an article for Rs 450. He marks it at 20% above the ...

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  2. The list price of an article is Rs 800 and is available at a discount ...

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  3. An article is marked at Rs 2.250. By selling it at a discount of 12%,...

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  4. An article is marked at Rs 2.250. By selling it at a discount of 12%,...

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  5. By selling an article at 20% discount, a shopkeeper gains 25%. If the ...

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  6. By selling an article at 20% discount, a shopkeeper gains 25%. If the ...

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  7. A shopkeeper marks his goods at 30 percent above the cost price and th...

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  8. A ready-made garments shop in Delhi allows 20 percent discount on its ...

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  9. At 12% discount, the selling price of a pen is Rs 13.20. Find its mark...

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  10. The cost price of an article is Rs 2,400 and it is marked at 25% abov...

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  11. Thirty articles are bought at Rs 450 each. If one-third of these artic...

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  12. The cost price of an article is 25% below the marked price. If the art...

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  13. The cost price of an article is 25% below the marked price. If the art...

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  14. The cost price of an article is 25% below the marked price. If the art...

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  15. Find a single discount (as percent) equivalent to following successive...

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  16. Find a single discount (as percent) equivalent to following successive...

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  17. Find a single discount (as percent) equivalent to following successive...

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  18. Find the single discount ( as percent) equivalent to successive discou...

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  19. Find the single discount (as percent) equivalent to successive discoun...

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  20. Find the single discount (as percent) equivalent to successive discoun...

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