The marked price of a television is 25% more than the cost price. It is sold at a discount of 10%. If the marked price is ₹12000, then find the cost price, selling price and the profit. What will be the percentage of the profit?
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Marked price, MP=Rs. 12000
Discount %=25%
Profit %=10%
Therefore,
Selling price, SP=12000-120000×
100
25
=12000−7150=Rs. 4,850
Therefore,
Cost price, CP==12000−
110
100
=Rs. 11,890
Hence, this is the cost price of the television set.
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