Question
A retailer bought a luxury pen after getting a discount
of 30% on the marked price. He sold the luxury pen to a customer for Rs 4536 and earned a profit of 20% on his cost price. What was the initial marked price of the luxury pen?Solution
Selling price of luxury pen = Rs 4536 CP of luxury pen= 4536 x 100/120 = Rs 3780 MP of luxury pen= 3780 x 100/70 = Rs 5400
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