a shop keeper allow discount of 20% on the marked price of an article . it is sold for 2975 Rs .
1. calculate the marked price given that the marked price is 40% above the cost price of the article calculate.
2. its cost price
3. the profit in Rupees made by the sale of the article.
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Answer:
1.MP IS X
D%=MP-SP/MP*100
40=X-2975/X*100
40X=100X-297500
40X-100X=-297500
-60X=-297500
X=297500/60
=4958 estimated to 4960.
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