Question
A product is marked 50% above its cost price and is sold
for Rs. 1,080 after giving two successive discounts of 20% and 10%, respectively. Calculate the difference between the marked price and the cost price of the product.Solution
ATQ Marked price of the product = {1080 / (0.80 × 0.90)} = Rs. 1,500 Cost price of the product = (1500 / 1.50) = Rs. 1,000 Required difference = 1500 – 1000 = Rs. 500
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