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Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt for her marked at Rs. 850? |
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Answer» Given, Gain = 20% MP of the shirt = Rs 850 Discount = 4% Discount allowed on the marked price of goods = 4/100 × 850 = Rs 34 So, SP of the shirt = (850 – 34) = Rs 816 By using the formula, CP = 100/(100 + gain%) × SP = 100/(100 + 20) × 816 = 100/120 × 816 = Rs 680 ∴ Cost price of a shirt is Rs 680. |
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