Question
A shopkeeper marks an article 40% above the cost price
and allows two successive discounts of 20% and 10% on the marked price. If he gains Rs. 44.8, find the Cost Price.Solution
ATQ, CP=100x, MP=140x. SP = 140x * 0.9 * 0.8 = 100.8x. Profit = 0.8x = 44.8 => x = 56. CP = 5600.
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