Question
Cost price of a bag is Rs.500. The shopkeeper marked it
60% above the cost price and sold it after giving a discount of 22%. If the shopkeeper had sold it at a profit of 30%, then find the difference between original and new selling price of a bag.Solution
Original selling price of a bag = (160/100) × (78/100) × 500 = Rs.624 New selling price of a bag = (130/100) × 500 = Rs.650 Required difference = 650 – 624 = Rs.26
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