A shopkeeper fixes the price of an article in such a way that after allowing 32% discount, he wants again of 14%. If the marked price is ₹342, then the cost price of the article is:
Marked price = 342
Selling price = 342 $$\times \frac{100 - 32}{100} = 342 $$\times \frac{68}{100} = 232.56
Let the cost price of an article be 100%.
Selling price = 100% + 14% = 114%
114% = 232.56
100% = $$\frac{232.56}{114} \times 100 = Rs. 204
Cost price of an article = Rs. 204
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