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Question : The cost price of an article is Rs. $x$. It is marked up by 200%. It is sold at Rs. 540 after giving a 25% discount. What is the value of $x$ (in Rs.)?

Option 1: 360

Option 2: 250

Option 3: 300

Option 4: 240


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 240


Solution : The cost price of an article is Rs. $x$.
Since the article is marked up by 200%, the marked price = Rs. $3x$
After giving a 25% discount, it is sold at Rs. 540.
So, $3x\times 0.75 = 540$
⇒ $x = 240$
So, the cost price of the article = Rs. 240.
Hence, the correct answer is 240.

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