Question

A shopkeeper allows 20% discount on his goods and still erans a profit of 20%. If an artucle is sold for 30 find the marked price and cost price

Answer 1

Answer:

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Answer 2

Question :-- A shopkeeper allows 20% discount on his goods and still erans a profit of 20%. If an artucle is sold for 30 find the marked price and cost price ?

Formula used :---

→ CP = SP * 100/(100+P%)

→ MP = SP * 100/(100-D%)

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Solution :---

Given , SP = Rs.30

→ Profit = 20 %

So ,

→ CP = 30* 100/(100+20)

→ CP = 30*100/120

→ CP = Rs.25

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Given, SP = Rs.30

→ Discount = 20%

→ MP = 30*100/(100-20)

→ MP = 30*100/80

→ MP = Rs.37.5

Hence, Marked pRice of goods was Rs.37.5 and its cost price was Rs.25..