Question
A shopkeeper sold a fridge for Rs. 1200, making a 20% gain.
The fridge was marked at Rs. 1400. What was the discount he provided to make only 10% profit?Solution
ATQ,
Cost price = 1200 ÷ 1.20 = Rs. 1000
New selling price for 10% profit = 1000 × 1.10 = Rs. 1100
Discount = 1400 – 1100 = Rs. 300
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