Question
A shopkeeper sold a toy for Rs. 980 after offering a 30%
discount on the labeled price. If he had not given the discount, he would have made a 25% profit on the cost price. What was the cost price of the toy?Solution
Let MP = x SP of each toy = 70x/100 = 980 => x = Rs.1400 CP = 1400 * 100/125 = Rs.1120
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