Question
A dealer marked a product 50% above its cost price and
sold it after offering two discounts of 20% and 10% successively. If he earned a profit of Rs. 2,000 in this transaction, find the cost price of the product.Solution
ATQ,
Let the cost price be Rs. x. Marked price = Rs. 1.50x Selling price = 1.50x × 0.80 × 0.90 = x + 2000 1.08x = x + 2000 0.08x = 2000 x = 25,000 So, the cost price of the product = Rs. 25,000
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