Question
A shopkeeper tagged a gadget for Rs. 500 and sold it after
allowing successive discounts of 10% and 25%. If his overall profit was Rs. 35, what was the cost price of the gadget?Solution
ATQ,
Selling price = 500 × 0.9 × 0.75 = Rs. 337.5
Cost price = 337.5 – 35 = Rs. 302.5
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