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Naina offers her customers a discount of 12% on her beauty products and she still makes a profit of 22%. What is the actual cost to her beauty product marked Rs. 500?

Naina offers her customers a discount of 12% on her beauty products and she still makes a profit of 22%. What is the actual cost to her beauty product marked Rs. 500? Correct Answer 360.65

Market price = Rs. 500

⇒ Discount = 12%

⇒ Profit = 22%

⇒ Selling price = 88% of 500

⇒ 500 × 88/100 = Rs. 440

⇒ Selling price = Rs. 440

⇒ Profit = 22%

∴ Cost price = (100/122) × 440 = Rs. 360.65

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