A shopkeeper marks the price of an article above its cost price. After allowing a discount on the marked price, the article is sold for . What is the difference (in ) between the cost price and marked price of the article?
- A160
- B120
- C180
- D150
Solution & Step-by-step Explanation
Let the cost price (CP) of the article be .The shopkeeper marks the price above the cost price:
A discount of is given on the marked price:
Therefore, the selling price (SP) is:
Given that the article is sold for :
We need to find the difference between the cost price and the marked price:
Substituting the value of :
A discount of is given on the marked price:
Therefore, the selling price (SP) is:
Given that the article is sold for :
We need to find the difference between the cost price and the marked price:
Substituting the value of :