7. The cost price of an article is1600, which is 20% below the marked – InterviewSolution

1.	7. The cost price of an article is1600, which is 20% below the marked price. If the articleis sold at a discount of 16%, find :(0) the marked price (i) the selling price (ii) profit percentage.
Answer» Cp 1600cp×120/100 =mp1600×120/100 =mpmp=1920sp = 1920×84/100=1612.8 cp=1600 sp = 1612.8 profit= 12.8profit% = 12.8/1600 ×100=8/10=.8%

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