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Question

The cost price of an article is Rs. 1600, which is 20% below the marked price. If the article is sold at a discount of 16%, then find the selling price.

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Solution

C.P of article =Rs 1600 which is 20% below marked price

Marked price =1000(1600×20100)=Rs 1280

S.P= ( at a discount of 16%)

=M.P(M.P×16100)

=1280(1280×16100)

=Rs 1075.2

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