Question

A shopkeeper allowed R.s 250 as discount. What would be the labelled price of the article costing R.S 2000 in order to gain 20%?

Answer 1

Step-by-step explanation:

Given, marked price, MP = Rs. 280

Shopkeeper offers 10% discount on MP

So, selling price = 280×90/100 = Rs. 252

His gain is 26%

So, Cost price = SP × 100/100+gain% = 252×100/126 = Rs. 200

So, actual cost of the article is Rs. 200