If a product is sold at a 20% discount the selling price is ₹320.what is the selling price of the product if the discount rate is 35%?
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70%
Lets assume initial cost price (CP) is 100.
The profit (P) is 320 (320% of 100 is 320)
Selling Price (SP) is CP +P. So SP must be 420
Now CP increases by 25%. So new cost price (CP1) is 125.
SP remains constant at 420
New profit (P1) is SP - CP1 = 295
P1 as a percentage of SP is (295/420) x 100 = 70%
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