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Instructions
Study the information given below and answer the question that follows:
An article was bought for Rs. 5200. Its price was marked up by 15%. Thereafter it was sold at a discount of 9% on the marked price.
Solution
As given in the question,
Cost price = 5200
Marked Price = 5200(1.15) = 5980
Discount = 9%
Selling price = 5980*0.09 = 538.2
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