Question
A product is tagged at 50% above its cost price and is sold
after a discount of 30% on the marked price. If the selling price comes to Rs. 2,730, find the gain made on this sale.Solution
ATQ,
Let the cost price of product be Rs. '100b'
Marked price = 1.50 × 100b = Rs. '150b'
Selling price = 0.70 × 150b = Rs. '105b'
So, 105b = 2,730
Or, b = 26
Therefore, required profit = 5 × 26 = Rs. 130
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