Question

A shopkeeper allows 20% discount on its goods and still answer profit of 20% if an article is sold for rupees 360 find the Marked price and the cost price​

Answer 1

Answer:

Step-by-step explanation:

Find the marked price:

Discount = 20%

Selling Price = 100 - 20 = 80%

80% = Rs 360

1% = 360 ÷ 80 = Rs 4.50

100% = 4.5 x 100 = Rs 450

Find the cost price:

Profit = 20%

Selling Price = 100 + 20 = 120%

120% = Rs 360

1% = 360 ÷ 120 = Rs 3

100% = 3 x 100 = Rs 300

Answer: The marked price is Rs 450 and the cost price is Rs 300

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