Question
A product was sold for Rs. 168 after giving a discount of
20%. If the cost price and marked price are in the ratio 4:7, then calculate the profit earned.Solution
ATQ,
Marked price of the product = (168 / 0.80) = Rs. 210
So, cost price of the product = (210 / 7) × 4 = Rs. 120
Therefore, required profit = 168 - 120 = Rs. 48
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