A merchant marked a jacket at Rs2750. He then ooffered a disscount of 20% to his customers , but still managed to make a profit of 10% what was the cost price of jacket?
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Answer:
2,000
Step-by-step explanation:
Let the Cp of the jacket be x
profit =10%
s.p= [100 +profit% / 100] × Cp
sp =100+ 10/100× x
sp=110 /100 x
Marked price = 2750rs.
Discount offer=20%
Discount = 20% of 2750 = 20/100 × 2750
=550rs.
•°•Sp = Marked price - Discount = 2750 - 550 rs.
Sp=2,200
From 1 and 2 we get.
110/ 100x = 2,200
x = 2,200 ×100 /110
•°• COST PRICE = 2,000
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