Question
The ratio between cost price, labelled price and the
selling price of a product is 4:10:6. If a profit of Rs. 240 is gained on the sale, find out how much discount was given on the labelled price.Solution
ATQ,
Let the cost price, labelled price and selling price be Rs. 4x, Rs. 10x and Rs. 6x, respectively.
Given,
Profit = Selling Price - Cost Price = 6x - 4x = 2x
So,
2x = 240
=> x = 240 / 2 = 120
Discount = Labelled Price - Selling Price = 10x - 6x = 4x = 4 × 120 = Rs. 480
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