Find the s.p. when m.p. $550 and discount 10%
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As per the data given in the question,
We have to determine the value of selling price.
As per question,
It is given that,
MP = Rs. 550
Discount = 10%
As we know that,
Discount is always calculated on MRP or MP.
We know that,
So, putting the value given in the question, for determining the value of SP.
We will get SP as,
Hence, value of SP of the item will be Rs. 495.
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