Question
The profit earned when a blanket is sold at Rs. 4032 is
1.25 times of the loss incurred when the same blanket is sold at Rs. 2822.4. What will be the selling price of the blanket if the blanket is marked up by 50% on its cost price and sold it after two successive discounts of 20%?Solution
Let CP of the blanket is Rs. P
So, (4032 - P) = 1.25 * (P - 2822.4)
=> 4032 - P = 1.25P - 3528
=> 2.25P = 7560
=> P = Rs. 3360
So, selling price = 3360 * 150/100 * 80/100 * 80/100 = Rs. 3225.6
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