Question
A shopkeeper marks the price of the article in such a
way that after allowing 28% discount, he wants a gain of 12%. If the marked price is â‚ą224. then the cost price of the article is:Solution
Marked price = 224 Discount = 28% Selling price = 100 - 28% = 72% of the marked price = 224 × 72/100 = 161.28 Profit = 20% Cost price =161.28/112 × 100 = Rs.144
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