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Instructions
Study the information given below and answer the questions that follow:
An article was bought for 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price:
Solution
C.P. = Rs. 5,600
Markup % = 12%
M.P. = $$\frac{112}{100} * 5600$$
= Rs. 6,272
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