Question
A man sold a mobile phone for Rs. 825 and made a 25%
profit. If the mobile was marked at Rs. 950, how much discount did he give to earn a profit of 15%?Solution
ATQ,
Cost price = 825 ÷ 1.25 = Rs. 660
New selling price for 15% profit = 660 × 1.15 = Rs. 759
Discount = 950 – 759 = Rs. 191
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