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Question 116
Marked price of an article is Rs. 275. Shopkeeper allows a discount of 5% and he gets a profit of 4.5%. The actual cost of the article is
Solution
Marked price = 275
Discount = 5%
Selling price = $$\frac{275 \times 95}{100}$$ = 261.25
gain = 4.5 %
Cost price = $$\frac{261.25 \times 100}{104.5}$$ = 250
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