At what price should an article costing $510 be sold so that after giving a 15% cash discount, a profit of 20% is made?
Added by Aaron S.
Step 1
The cost price of the article is $510. A 20% profit on $510 would be 20/100 * 510 = $102. So, the price that would give a 20% profit is 510 + 102 = $612. Show more…
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