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

The cost price of an article is Rs. x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs.)?
1). 360
2). 250
3). 300
4). 240

This Question has 2 answers.

Since the article is marked up by 200%, marked price = 3x

After giving 25% discount, it is sold at Rs. 540;

∴ 3x × 0.75 = 540

⇒ x = 240

∴ Cost price of the article = Rs. 240

Since the article is marked up by 200%, marked price = 3x

After giving 25% discount, it is sold at Rs. 540;

∴ 3x × 0.75 = 540

⇒ x = 240

∴ Cost price of the article = Rs. 240

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