Question
A retailer listed a watch at Rs. 600 and provided
successive discounts of 10% and 20%. After all discounts, if his profit was Rs. 36, what was the cost price of the watch?Solution
ATQ,
Selling price of the watch = 600 × 0.9 × 0.8 = Rs. 432
Cost price of the watch = 432 – 36 = Rs. 396
Commercial banks create money in the following ways:
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