4 A shopkeeper needs to clear his older stocks for the fresh merchandise. He announcesa
clearance sale and offers a discount of 10% on all items. In the process he incurs a loss of
3%. Find the following:
(i) Cost price of an item if the marked price is 270
(ii) What percentage of the cost price is the marked price?
(iii) The ratio of the MP to the CP
Answers
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Step-by-step explanation:
cp 100/97×270
=278
%= cp_sp=278-270 =8
8/278×100=3%
ratio
278/270=139:135
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