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 (i) the marked price. (ii) the cost price

Answer 1

Here is your answer

Answer 2

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Assuming article is sold at 460 before discount of 8%

Calculating marked price:

8% discount - 36.8 rs
Marked Price = 460-36.8 = 423.2

Marked price is 15% higher than than the cost price.

(423.2-x)/x * 100 = 15

X = 368

Cost Price is 368