Question
A shirt is marked 20% above the cost price and sold
after a discount of Rs.100 at Rs.476. Find the cost price of the shirt.Solution
Let the cost price of the shirt be Rs.x. Marked price = Rs.1.2x According to question, => 1.2x – 100 = 476 => 1.2x = 576 => x = Rs.480
Limits in WMA is mutually decided by GOI and RBI as per the requirement
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