Question

A shopkeeper allows 4% discount on the M.P of his goods and still
earns a profit of 20% what is the C.P of article marked at Rs.580.
​

Answer 1

Step-by-step explanation:

Discount= 4%

SP = 100%-4

= 96%

96% = Rs.580

1% = 580/96

= Rs. 6.04

100% = 6.04×100

= Rs.604

So, MP= Rs. 604

Profit = 20%

SP = 100%+20%

= 120%

120% = Rs.580

1% = 580/120

= 4.83

100% = 4.83×100

= Rs.483

So, CP = Rs.483

Hope it will help you

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