Rohit buys an item at 25% discount on the marked price. He sells it for 660, making a profit of 10%. What is the cost price of the item?
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Given, Rohit buys an item at 25% discount marked price (MP)
Sells that item at Rs. 660 at 10 % profits.
The selling price of the item = Rs. 660
Discount % =
MP
Discount
×100
SP=MP(1−
100
Discount %
)
∴MP=
100−Discount %
SP×100
=
100−25
660×100 = 75
66000
=Rs.880
The marked price of item = Rs. 880
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