Question
 A shopkeeper marks an article 25% above its cost price. He then gives two successive discounts of 10% and 4%. If he still makes a profit of Rs 96, then the cost price of the article is:
Solution
Let cost price = 100 Marked price = 125 After 10% discount: 125 x 90/100 = 112.5 After 4% discount: 112.5 x 96/100 = 108 So selling price = 108 when cost price = 100 Profit = 8% Given actual profit = Rs 96 8% of CP = 96 CP = 96 x 100 / 8 = 1200
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