An article is marked x% above the cost price. A discount of 2/3x% if given on the marked price. If the profit is 4% of the cost price and the value of x lies between 25 and 50, then the value of 50% of x is:
Explanation:
Let the CP of the article be Rs 100.
∴ M.P = 100 + x
As a discount of 2x/3 % is given on the Marked Price. SP = (100 + x)1-2x/3100 …(1)
Also, since profit is 4%, it means selling price = 100 + 4 = 104 …(2) Equating (1) and (2)
⇒ (100 + x)1-2x/3100 = 104
⇒ 100 + x – 2x3 – 2x2300 = 104
⇒ 2x2300 - x3 + 4 = 0
⇒ x2 – 50x + 600 = 0
⇒ x = 20 or 30.
Since it is given that x is between 25 and 50 hence x = 30.
∴ 50% of 30 = 15.
Hence, option (a).
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