Question
A shopkeeper marked his article 20% above its cost price
and offered a discount of 25%. If cost price of the article is Rs. 800, then find profit or loss of the shopkeeper on selling the articleSolution
Marked price of the article = 1.2 × 800 = Rs. 960 Selling price of the article = 0.75 × 960 = Rs. 720 Loss = 800 – 720 = Rs. 80
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