Question

a manufacture allows a discount of 10% on his products and still makes a profit of 20%.find the CP of an article marked at rs800

Answer 1

discount will be calculated on marked price.

mp= 800 discount%=10

discount= 10/100× 800=80

selling price= mp-discount

= 800-80=72

let cp=100

profit%=10

profit=10

selling price= cp+profit= 100+20=120

ratio equalling method

120=720

1=6

100=600

therefore cp= 600