Question
An article is marked at a price that is 42% higher than
its cost price, and its marked price is Rs. 12,070. If a discount of 20% is offered on the marked price, calculate the profit earned after selling the article.Solution
Cost price of the article = (12,070/1.42) = Rs. 8,500 Selling price of article = 0.8 X 12,070 = Rs. 9,656 So, required profit = 9,656 - 8,500 = Rs. 1,156
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