Question

A shopkeeper allows 8% discount on his goods and still earns a profit of 15% , If an article is sold for 460. (i) find marked price (ii) cost price​

Answer 1

Step-by-step explanation:

SP=460Rs

Discount=8%

MP=SP−Discount

MP=460−

100

8

×460

MP=460−36.8=423.3Rs

MP is 15% higher than CP

MP=115% of CP

MP=

100

115

×CP

MP×

115

100

=CP

115

42320

=CP

CP=368Rs