the cost price of an article is 1600 which is 20% below it's marked price. if the article is sold at a discount of 16% find:
I)marked price 2)selling price 3) profit percentage
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Step-by-step explanation:
CP=Rs .1600
Given CP=(M.P−
100
20
MP)
1600=
100
80
M.P
M.P=Rs=2000
S.P (at a 16 M= discount)(2000−2000×
100
16
)
=Rs .1680
Profit =S.P−C.P.
=Rs 80
Profit %=
C.P
Profit
×100=
1600
80
×100=5%
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