Question

A dealer allows 30% rebate on the printed price of an article and yet
gains 5% profit. What is the Cost price of an article which he stamps
at Rs.300?

Answer 1

Heya User,

Here's your answer
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Stamped price = ₹300
Rebate = 30% = ₹90

Now,

Selling price = ₹300 - ₹90 = ₹210

As we know, his profit is 5% at ₹210
So total, 105% = 210
100% = ₹200

Therefore, cost of the article is $\color {green}{Rs.200}$

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Hope it helps.....!!