Question
A trader marked a jacket at Rs. 1000 and gave two
back-to-back discounts of 20% and 10%. Even after this, he gained Rs. 60 on the transaction. What was his cost price?Solution
ATQ,
Selling price = 1000 × 0.8 × 0.9 = Rs. 720
Cost price = 720 – 60 = Rs. 660
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