Question

1. Ramender offers a discount of 20% on all the
items at his shop and still makes a profit of
12%. What is the cost price of an article oy
marked at 2800?
​

Answer 1

Given :

Marked price = Rs 280

Discount = 20%

Profit = 12%

Find the Selling price :-

S.P = M.P - discount% of M.P

= 280 - 20% of 280

= 280 - 56

= 224

Find the cost price :-

C.P = (S.P × 100)/(100 + Profit)

= (224 × 100)/(100 + 12)

= 22400/112

= 200

Hence,

Cost Price = Rs 200..

Answer 2

Answer:

Given, marked price=₹2800

Discount=20% of 2800

=20/100×2800

=₹560

Selling price=₹(2800-560)=₹2240

Let the cost price be ₹100

profit=12% of ₹100=₹12

SP=₹(100+12)

=₹112

if the SP is ₹112,then CP=₹100

if the SP is ₹2240,then

CP=₹(100/112×2240)

=₹2000