Question
A dealer sold an article for Rs. 288 after allowing a
discount of 28% on its marked price. If the dealer suffered a loss of 20% in this transaction, then find the difference (in Rs.) between the cost price and the marked price of the article.Solution
Marked price of the article = 288 ÷ 0.72 = Rs. 400 Cost price of the article = 288 ÷ 0.8 = Rs. 360 Required difference = 400 – 360 = Rs. 40
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