Question
The marked price of an article is Rs. 13,400, and it is
sold at a 12% discount. The profit made on selling the article is Rs. 1,060. What is the cost price of the article?Solution
ATQ,
Selling price of article = 0.88 × 13,400 = Rs. 11,792
Therefore, cost price of article = 11,792 - 1,060 = Rs. 10,732
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