A shirt seller gives a discount of 25% on the marked price, yet he earns a profit of 20%. What will be…
Since the seller earns a 20% profit on the cost price (CP) and the profit amount is ₹ 60, we have \(20\%\text{ of CP} = 60 \implies \text{CP} = \frac{60 \times 100}{20} =…
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A shirt seller gives a discount of 25% on the marked price, yet he earns a profit of 20%. What will be the cost price of that shirt if he made a profit of ₹ 60 ?
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Correct answer B
Since the seller earns a 20% profit on the cost price (CP) and the profit amount is ₹ 60, we have .
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