A person sells a product at a profit of 10% if he buys the product at a discount of 4% and sells it at a higher price of Rs.6 If his profit was 18.75 percent then what is the purchase price of the product?
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Step-by-step explanation:
Let CP of the commodity
= 600 unit
According to question,
30 units → Rs. 2
1 unit → 230
600 units → 230×600=40
CP of the article = Rs. 40
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