Question
A shopkeeper bought an article and marked it at Rs. 580.
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. 580 Selling price of the article = 0.96 × 580 = Rs. 556.8 So, cost price of the article = 556.8/1.2 = Rs. 464
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