Question
The cost price of an article is Rs. 5500 and a
shopkeeper wants to earn 16% profit on it after giving 20% discount on marked price. Find the marked price of the article.Solution
Cost price of the article = Rs. 5500 Selling price = 5500 × 116% = Rs. 6380 Marked price = 6380/80 × 100 = Rs. 7975
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