Question

a shopkeeper allows a discount of 20% on the marked price of an article and sells it for rs 896.by selling the article at the discount price if still gains 12% on his cost price what was the cost priceand what would have been his profitpercentage if he had sold the article at the marked price?

Answer 1

let marked price be x

discount =20%

sp = x-x *(20/100)
=4x/5=896

x=1120 rs

896= 112%*cp
cp = 89600/112=800 Rs
if he had sold it for marked price 1120 rs then profit= 1120-800=320rs
hence profit % = 320/800*100=40%