Question
A shopkeeper marked his article 40% above its cost price
and offered a discount of 50%. If cost price of the article is Rs. 550, then find profit or loss of the shopkeeper on selling the articleSolution
Marked price of the article = 1.4 × 550 = Rs. 770 Selling price of the article = 0.5 × 770 = Rs. 385 Loss = 550 – 385 = Rs. 165
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