Question

35. The marked price of an article is 840. A shopkeeper gives a discount of 15% on the marked price and still makes a profit of 1997. What is the cost price of the article 3 (1) 3 540 (2) 3580 (3) 3 600 2640 (4)​

Answer 1

Step-by-step explanation:

1

$1997 - 714 = - cp$

Given that

Marked price (mp) is 840

discount (d) is 15%

profit (p) is 1997

To find

Cost price (cp) of an article

Solution

$15\% \: of \: 840 \: = 126$

$selling \: price = mp - 15\% \: of \: 840$

$sp = 840 - 126 \\ = 714$

profit is 1997

hence

$profit = sp - cp$