Question
A dealer sold an article for Rs. 1056 after allowing a
discount of 40% 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 = 1056 ÷ 0.6 = Rs. 1760 Cost price of the article = 1056 ÷ 0.8 = Rs. 1320 Required difference = 1760 – 1320 = Rs. 440
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