Question
A retailer lists a television at 55% above the cost price.
If the tagged price is Rs. 15,500 and he offers a 20% discount, how much profit does he make?Solution
ATQ,
Cost price = 15,500 / 1.55 = Rs. 10,000
Selling price = 0.8 × 15,500 = Rs. 12,400
Profit = 12,400 - 10,000 = Rs. 2,400
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