Question
A shopkeeper bought an article and marked it at Rs. 560.
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. 560 Selling price of the article = 0.96 × 560 = Rs. 537.6 So, cost price of the article = 537.6/1.2 = Rs. 448
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