On a marked price of ₹ 30,000, 3 successive discounts of 30%, 25% and 20% were given. Find the selling
price, if a sales tax of 8% was levied on the discounted price.
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3560 ok bro
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Now, given that marked price of the shirt is ₹ 300, the person bought it at 20% discount. This means he paid 300 - (20% of 300) to buy the shirt.
=> 300 - (0.2*300)
=> 300 - 60 = ₹ 240 -> cost price of shirt.
In order to sell the shirt at 20% profit, he needs to add 20% of cost price to itself.
Remember that profit or loss is always calculated on cost price, and not on the marked price.
=> 240 + (20% of 240)
=> 240 + (0.2*240)
=> 240 + 48
=> ₹ 288
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