Question

15. A shopkeeper allows 8% discount on his goods and still earns a profit of 15%. If an
article is sold for 460, find
(1) the marked price
(ii) the cost price
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Answer 1

Answer:

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Step-by-step explanation:

SP=460Rs

 

Discount=8%

 

MP=SP−Discount

 

MP=460−8/   100 ×460

MP=460−36.8=423.3Rs

 

MP is 15% higher than CP

 

MP=115% of CP

 

MP=  115 /100 ×CP

MP×  100/ 115 =CP

=42320 /115  =CP

CP=368Rs

hence MP=423.3Rs  and

CP=368Rs

 

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