The marked price of an article is Rs. 1500. The shopkeeper gives a discount of 5% and still makes a profit of 20%. Find the cost price of the article.
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Answer:
Cost price of the article = Rs. 1125
Step-by-step explanation:
Marked Price = 1500
Discount percent + Profit Percent = 5 + 20 = 25%
25% of the Marked Price = (1500 x 25) / 100 = 375
Cost price = 1500 - 375 = 1125
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