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Let the cost price, labelled price and selling price be Rs. 4x, Rs. 10x and Rs. 6x, respectively.
Given,
Profit = Selling Price - Cost Price = 6x - 4x = 2x
So,
2x = 240
=> x = 240 / 2 = 120
Discount = Labelled Price - Selling Price = 10x - 6x = 4x = 4 × 120 = Rs. 480
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