Question
A trader marks a product 50% above its cost price and
gives a discount of 20% on the marked price. If the selling price of 4 such products is Rs. 3840, find the cost price of one product.Solution
ATQ,
Selling price of one product = 3840 / 4 = Rs. 960 So, marked price of the product = 960 / 0.80 = Rs. 1200 Cost price of the one product = 1200 / 1.5 = Rs. 800
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