A shopkeeper marked an article P% above its cost price and sold it for Rs. 748.8 after giving a discount of 20%. If the shopkeeper had a loss of 6.4% on the whole transaction, then find the value of ‘P’. (approximate value)
Marked price of article = 748.8/0.80 = Rs. 936 Cost price of the article = 748.8/0.936 = Rs. 800 So, P = [(936 – 800)/800] × 100 = 17% (approx)
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