After allowing 20% discount on the marked price of an article, there is a profit of 28%.
If the cost price of the article is Rs. 500, calculate the discount amount on the article
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Answer:Let the M.P. of the article = Rs.100
Discount = 10%
∴ S.P. = 90% of Rs.100 = Rs.90, Profit = 20%
∴C.P.=Rs.
120
90×100
=Rs.75
If the discount is 20% then S.P. = 80% of Rs.100 = Rs.80
∴ Required profit % =
75
(80×75)
=100 =
75
5
×100=6
3
2
%
Step-by-step explanation:
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