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A man purchased 11 articles at the rate of 11 for 10. He then sold all at x rupees, making a profit. Calculations were done to determine the selling price. The key formula used was 7x/18 = 7/6. The final calculation showed x = 3. The process of discount calculation was explained, with the formula x - y + xy/100. The video also mentioned an energetic powder that was offered to him for free by a wholesaler.