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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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Best answer

Given,

MP of the shirt = Rs. 850

Discount = 4 %

Discount allowed = \(\frac{4}{100}\)x 850 = Rs. 34

So,

Selling price of shirt = Rs.(850 – 34) = Rs.816

Profit earned by Jasmine = 20%

CP = \(\frac{100\times S.P.}{100+profit\%}\) = Rs. \(\frac{100\times 816}{100+20}\) = Rs. 680

Cost price of shirt = Rs.680

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