Question
The marked price of a shirt is Rs. 2500. A shopkeeper
offers a discount of 20% and still makes a profit of 25% on the cost price. Find the cost price of the shirt.Solution
SP after discount = 2500 × (1 − 20/100) = 2500 × 0.80 = 2000 Profit = 25% of CP ⇒ SP = 1.25 × CP 1.25 × CP = 2000 ⇒ CP = 2000 / 1.25 = 1600
Current Assets = ₹4,00,000; Inventory = ₹1,00,000; Current Liabilities = ₹2,00,000. Compute Quick Ratio.
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