Question
A dealer sold an article for Rs. 992 after allowing a
discount of 38% 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 = 992 ÷ 0.62 = Rs. 1600 Cost price of the article = 992 ÷ 0.8 = Rs. 1240 Required difference = 1600 – 1240 = Rs. 360
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