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Question

The list price of goods (cost at Rs. 100) is cost plus 100% and the invoice is 20% less than the list price. Hence, the invoice price will be ___________________.

A
Rs. 200
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B
Rs. 160
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C
Rs. 100
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D
Rs. 180
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Solution

The correct option is B Rs. 160
This can be solved as:

Cost Price Rs.100
Add: Marign 100% of Rs.100 Rs.100
-------------
List Price Rs.200
Less: Discount @20% Rs. 40
--------------
Invoice Price Rs.160
------------

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