A product when sold with 10% rebate on the listed price gave a profit of rs 70. What was its cost price
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Let the Market Price(M.P.) be Rs.100
Discount(Rebate)=10% of 100=10
S.P.=M.P.-DISCOUNT
=100-10=90
C.P.=S.P.-PROFIT=90-70=Rs.20
Discount(Rebate)=10% of 100=10
S.P.=M.P.-DISCOUNT
=100-10=90
C.P.=S.P.-PROFIT=90-70=Rs.20
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