7. A dealer allows his customers 20% discount on the marked price of the goods and still gets a profit of 20%. What is the C.P. of goods for him marked at 1,000?
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If the marked price is 1000 and 20% discount is given, then its SP is 1000×(1-20/100)=1000×0.8=800
For 20% profit, SP=120 and CP=100
So for SP=800, CP=100×800/120=2000/3
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