Question
A shopkeeper bought an article and marked it at Rs. 500.
By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of the article.Solution
Marked price of the article = Rs. 500 Selling price of the article = 0.96 × 500 = Rs. 480 So, cost price of the article = 480/1.2 = Rs. 400
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