Question

A merchant offer 8 percent discount on all his goods and still makes a profit of 15% if an item is Mark rupees 250 find its cost price

Answer 1

Answer:

Rs 200

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Step-by-step explanation:

Mark Price = 250

Discount = (8/100)*250 = 20

Selling Price = 250 - 20 = 230

Let cost Price = C

Profit 15% = (15/100)C = 0.15 C

Profit - 230 - C

0.15 C = 230 -C

1.15C = 230

C = 200