Question

11) A shopkeeper offers his customers 15% discount and still makes a profit of 40%. What is the actual cost price to him of an article marked Rs 500?

Answer 1

Answer:

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Step-by-step explanation:

MRP of article = Rs 500

Discount = 15% of 500 = 500 × 15

100

= 75

SP = 500 - 75 = 425

Profit = 40%

Let CP = x

CP + Profit = SP

x + 40 = 425

100

100x + 40 = 425 × 100

100x = 42500 - 40

x = 42460

100

x = 424.6