Question

12. A shopkeeper allows a discount of 20% on the marked price of an article, and sells it for 896.
(a) Calculate the marked price of the article.
(b) By selling the article at the discounted price if he still gains 12% on his cost price, what was the cost
price?
(c) What would have been his profit percentage, if he had sold the article at the marked price?​

Answer 1

Answer:1120

Step-by-step explanation:

(a) 896 is 80% of the marked price

896/80=11.2

11.2*20=20% of the marked price

11.2*20=224

so the marked price is 80%+20%

=896+224

=1120 is the marked price