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The cost price of an article is Rs214. A...

The cost price of an article is Rs214. After allowing three successive discount of 15%, 20% and 10% on its list price, it is sold for Rs 153. If it is sold at the list price , profit , (in Rs) will be :

A

49

B

36

C

39

D

45

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the list price of the article and then calculate the profit when it is sold at that price. ### Step 1: Define the List Price Let the list price of the article be \( X \). ### Step 2: Calculate the Selling Price After Discounts The article is sold after applying three successive discounts of 15%, 20%, and 10%. - After a 15% discount, the selling price becomes: \[ X \times \left(1 - \frac{15}{100}\right) = X \times \frac{85}{100} = 0.85X \] - After a 20% discount on the new price (0.85X), the selling price becomes: \[ 0.85X \times \left(1 - \frac{20}{100}\right) = 0.85X \times \frac{80}{100} = 0.68X \] - After a 10% discount on the new price (0.68X), the selling price becomes: \[ 0.68X \times \left(1 - \frac{10}{100}\right) = 0.68X \times \frac{90}{100} = 0.612X \] ### Step 3: Set Up the Equation According to the problem, the selling price after all discounts is Rs. 153. Therefore, we can set up the equation: \[ 0.612X = 153 \] ### Step 4: Solve for X To find \( X \), we rearrange the equation: \[ X = \frac{153}{0.612} \] Calculating this gives: \[ X \approx 250 \] ### Step 5: Calculate Profit Now that we have the list price \( X = 250 \) and the cost price is given as Rs. 214, we can calculate the profit: \[ \text{Profit} = \text{List Price} - \text{Cost Price} = 250 - 214 = 36 \] ### Final Answer The profit when sold at the list price is Rs. 36. ---
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