A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked prize . Find the cost prize of the article whose marked prize is Rs 880 .
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Answer:
Cost Price = ₹ 640
Step-by-step explanation:
Let us assume cost price = ₹ x
Marked Price = ₹ 880
Selling price = ₹ 880×(1- 0.2)= ₹ 704
At selling price you earn 10% profit
x (1 + 0.1 ) = 704
=> x = 704 / 1.1 = ₹ 640.
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