The cost of price of an article is rs 1600, which is 20% below the marked price. If the article is sold at a discount of 16%. Find marked price, selling price and profit percentage
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→Answer :
Cp 1600
cp×120/100 =mp
1600×120/100 =mp
mp=1920
sp = 1920×84/100=1612.8
cp=1600
sp = 1612.8
profit= 12.8
profit% = 12.8/1600 ×100
=8/10
=.8%
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