Question

A shopkeeper buys an article for Rs400 and marks it for sale ata a price that may give him 80% of profit on his coat. He, however gives 15% discount on the marked price to his customer. Calculate (i) the marked price of the article

Answer 1

Marked price = cp + profit % he can get
= 400+ 80% of 400
=400+320
=₹720

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