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Question 71
The marked price of an article is ₹ 1200 and discount offered is 31%. If profit is 15%, then what will be the cost price?
Solution
Given, Marked Price = Rs.1200
Discount = 31%
Then, Selling Price = $$\dfrac{69}{100}\times1200 = Rs.828$$
Profit = 15%
Therefore, Cost Price = $$828\times\dfrac{100}{115} = Rs.720$$
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