Question
A chair is purchased for Rs. 2400 and Rs. 600 is spent on its repair. The chair is then marked 20% above its effective cost price and then sold for Rs. 3300 after offering some discount. Find the discount offered.
Solution
Effective cost price of the chair = 2400 + 600
= Rs. 3000 Marked price of the chair = 120% of 3000
= 1.2 × 3000 = Rs. 3600 Discount offered = 3600 − 3300 = Rs. 300
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