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Question
Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt for her marked at Rs 850?
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Solution
\[\text { Given }, \]
\[\text { MP of the shirt } = Rs . 850\]
\[\text { Discount = 4 % } \]
\[\text { Discount allowed = Rs }. \left( \frac{4}{100} \times 850 \right)\]
\[ = Rs . 34\]
\[\text { Thus, SP of the shirt = Rs } . \left( 850 - 34 \right) = Rs . 816\]
\[\text { Now , }\]
\[\text { Profit earned by Jasmine = 20 % } \]
\[\text { Thus, CP = }\frac{100 \times SP}{\left( 100 +\text { Profit % } \right)}\]
\[ = Rs . \left( \frac{100 \times 816}{100 + 20} \right)\]
\[ = Rs . \left( \frac{100 \times 816}{120} \right)\]
\[ = Rs . 680\]
\[\text { Thus, the cost price of the shirt is Rs } . 680 .\]
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Fill up the appropriate boxes in the following table
| SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
Fill up the appropriate boxes in the following table.
| SI. No | C.P. in ₹ |
M.P. in ₹ |
S.P. in ₹ |
Discount in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 110 | 130 | Nil | |||
| (ii) | 110 | 130 | 10 | |||
| (iii) | 110 | 130 | 30 | |||
| (iv) | 110 | 120 | Nil | 10 | ||
| (v) | 120 | 10 | 20 | Nil |
Somu bought a second hand bike for ₹ 28,000 and spent ₹ 2,000 on its repair. He sold it for ₹ 30,000. Find his profit or loss
A bought a tape recorder for Rs 8,000 and sold it to B. B in turn sold it to C, each earning a profit of 20%. Which of the following is true?
Brinda purchased 18 coats at the rate of Rs 1,500 each and sold them at a profit of 6%. If customer is to pay sales tax at the rate of 4%, how much will one coat cost to the customer and what will be the total profit earned by Brinda after selling all coats?
