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The cost price of an article is Rs x. It...

The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs 5.40 after giving 25% discount. What is the value of x (in Rs)?

A

3.6

B

2.5

C

3

D

2.4

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the details given in the question. ### Step 1: Understand the Cost Price and Marked Price The cost price (CP) of the article is given as Rs x. It is marked up by 200%. **Hint:** Remember that a markup of 200% means the marked price (MP) is 300% of the cost price. ### Step 2: Calculate the Marked Price Since the CP is Rs x, the marked price (MP) can be calculated as: \[ MP = CP + (200\% \text{ of } CP) = x + 2x = 3x \] **Hint:** To find the marked price, add the original cost price to the markup amount. ### Step 3: Understand the Selling Price and Discount The article is sold for Rs 5.40 after giving a 25% discount on the marked price. **Hint:** A discount of 25% means the selling price (SP) is 75% of the marked price. ### Step 4: Set Up the Equation for Selling Price The selling price (SP) can be expressed in terms of the marked price: \[ SP = MP - \text{Discount} = MP - (25\% \text{ of } MP) = MP \times (1 - 0.25) = MP \times 0.75 \] Thus, \[ 5.40 = 0.75 \times MP \] **Hint:** Use the percentage to calculate the effective selling price after discount. ### Step 5: Substitute the Marked Price Now substitute the expression for MP from Step 2 into the equation from Step 4: \[ 5.40 = 0.75 \times (3x) \] **Hint:** Replace MP with its equivalent expression to find the relationship between selling price and cost price. ### Step 6: Solve for x Now we can solve for x: \[ 5.40 = 2.25x \] To find x, divide both sides by 2.25: \[ x = \frac{5.40}{2.25} \] **Hint:** When dividing, ensure you simplify the fraction correctly. ### Step 7: Calculate the Value of x Calculating the division: \[ x = \frac{5.40}{2.25} = 2.4 \] **Hint:** Perform the division carefully to ensure accuracy. ### Conclusion The value of x (the cost price) is Rs 2.4. **Final Answer:** The cost price of the article is Rs 2.4. ---
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