Question
An item is marked at 48% above its cost price. If the
marked price is Rs. 14,800 and the shopkeeper gives a discount of 30%, find the profit amount.Solution
ATQ,
Cost price = 14,800 / 1.48 = Rs. 10,000
Selling price = 0.7 × 14,800 = Rs. 10,360
Profit = 10,360 - 10,000 = Rs. 360
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