Question
A shopkeeper made a profit of 55% by selling an article
for Rs. 620. If he had sold it after allowing a discount of 10% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.Solution
Cost price of the article = 620 ÷ 1.55 = Rs. 400 New selling price of the article = 620 × 0.90 = Rs. 558 New profit = 558 – 400 = Rs. 158
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