Question
A shopkeeper marks an article 40% above its cost price
and allows a discount of 20% on the marked price. If the selling price is Rs. 672, find the cost price.Solution
ATQ, Let cost price = x Marked price = 140% of x = 1.4x Selling price = 80% of 1.4x = 1.12x Given, 1.12x = 672 x = 600 Hence, the correct answer is Rs. 600.
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