Glenn labelled the price of an article in such a way so as to earn 25% profit. However, while selling he offered 6% discount on the labelled price. If he sold it for Rs. 10,340, what was the cost price of the article ? ?->(Show Answer!)

1. Glenn labelled the price of an article in such a way so as to earn 25% profit. However, while selling he offered 6% discount on the labelled price. If he sold it for Rs. 10,340, what was the cost price of the article ?

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By: anil on 05 May 2019 01.21 am

Let C.P. of article = Rs. $$100x$$ => Marked price = $$frac{125}{100} imes 100x = 125x$$ => Selling price after offering 6 % discount = Rs. 10,340 => $$frac{94}{100} imes 125x = 10340$$ => $$frac{47}{2} imes 5x = 10340$$ => $$x = frac{10340 imes 2}{47 imes 5}$$ => $$x = frac{440}{5} = 88$$ $$ herefore$$ = C.P. = $$100 imes 88$$ = Rs. $$8,800$$

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MCQ-> Two traders, Chetan and Michael, were involved in the buying and selling Of MCS shares over five trading days. At the beginning of the first day, the MCS share was priced at Rs 100, while at the end of the fifth day it was priced at Rs 110. At the end of each day, the MCS share price either went up by Rs 10, or else, it came down by Rs 10. Both Chetan and Michael took buying and selling decisions at the end of each trading day. The beginning price of MCS share on a given day was the same as the ending price of the previous day. Chetan and Michael started with the same number of shares and amount of cash, and had enough of both. Below are some additional facts about how Chetan and Michael traded over the five trading days.• Each day if the price went up, Chetan sold 10 shares of MCS at the closing price. On the other hand, each day if the price went down, he bought 10 shares at the closing price.• If on any day, the closing price was above Rs 110, then Michael sold 10 shares of MCS, while if it was below Rs 90, he bought 10 shares, all at the closing price.If Chetan sold 10 shares of MCS on three consecutive days, while Michael sold 10 shares only once during the five days, what was the price of MCS at the end of day 3?
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