A dealer fixed the price of an article 40 % a | vedclass

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(C) Let the cost of production $(C.P.)$ be $₹ 100$.Since the dealer fixed the price $40 \%$ above the cost of production,the marked price $(M.P.)$ is

Vedclass · Accepted Answer

$400$

Vedclass · Answer

(C) Let the cost of production $(C.P.)$ be $₹ 100$.Since the dealer fixed the price $40 \%$ above the cost of production,the marked price $(M.P.)$ is $100 + 40 = ₹ 140$.He allows a discount of $20 \%$ on the marked price,so the selling price $(S.P.)$ is $140 	imes (1 - 0.20) = 140 	imes 0.80 = ₹ 112$.The profit is calculated as $S.P. - C.P. = 112 - 100 = ₹ 12$.If the profit is $₹ 12$,the $C.P.$ is $₹ 100$.If the profit is $₹ 48$,the $C.P.$ is $\frac{100}{12} 	imes 48 = ₹ 400$.

$A$ dealer fixed the price of an article $40 \%$ above the cost of production. While selling it,he allows a discount of $20 \%$ and makes a profit of $Rs. 48$. The cost of production (in $Rs.$) of the article is:

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