Question
A shopkeeper marked an article P% above its cost price
and sold it for Rs. 810 after giving a discount of 20%. If the shopkeeper had a loss of 7.4% on the whole transaction, then find the value of ‘P’. (approximate value)Solution
Marked price of article = 810/0.80 = Rs. 1012.5 Cost price of the article = 810/0.926 = Rs. 874.73 So, P = [(1012.5 – 874.73)/874.73] × 100 = 15.75% (approx)
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