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By selling an article at 20% discount, a...

By selling an article at 20% discount, a shopkeeper gains 25%. If the selling price of the article is Rs 1,440, find :
the cost price of the article.

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The correct Answer is:
To find the cost price of the article, we can follow these steps: ### Step 1: Understand the relationship between Selling Price, Cost Price, and Profit The profit percentage is given as 25%. This means that the selling price (SP) is 125% of the cost price (CP). ### Step 2: Write the equation for Selling Price Since the selling price is given as Rs 1,440, we can express this relationship mathematically: \[ SP = CP + Profit \] Given that the profit is 25% of the cost price, we can write: \[ SP = CP + 0.25 \times CP \] This simplifies to: \[ SP = 1.25 \times CP \] ### Step 3: Substitute the Selling Price into the equation Now, we substitute the value of the selling price into the equation: \[ 1,440 = 1.25 \times CP \] ### Step 4: Solve for Cost Price To find the cost price, we can rearrange the equation: \[ CP = \frac{1,440}{1.25} \] ### Step 5: Calculate the Cost Price Now, we perform the division: \[ CP = \frac{1,440}{1.25} = 1,152 \] ### Conclusion The cost price of the article is Rs 1,152. ---
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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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