Question
A shopkeeper marked an article P% above its cost price
and sold it for Rs. 748.8 after giving a discount of 28%. If the shopkeeper had a loss of 6.4% on the whole transaction, then find the value of ‘P’. (approximate value)Solution
Marked price of article = 748.8/0.72 = Rs. 1040 Cost price of the article = 748.8/0.936 = Rs. 800 So, P = [(1040 – 800)/800] × 100 = 30% (approx)
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