A shopkeeper made a profit of 60% by selling an article for Rs. 320. If he had sold it after allowing a discount of 20% on its selling price, then find the profit that the shopkeeper would’ve made in this transaction.
Cost price of the article = 320 ÷ 1.60 = Rs. 200 New selling price of the article = 320 × 0.80 = Rs. 256 New profit = 256 – 200 = Rs. 56
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