Question

A shopkeeper buys a suit piece for ₹1400 and marks it 60℅ above the cost price. He allows a discount of 15℅ on it. Find the marked price of the suit price and also the discount given.

Answer 1

Hi there!
Here's the answer

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¶¶¶ Points To Remember ¶¶¶

•$Profit = \frac{Profit\: \%}{C.P} × 100$

• M.P = C.P + Profit

• $Discount = \frac{Discount\: \%}{100} × M.P$

• Discount = M.P - S.P

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SOLUTION :

Given,
Amount Paid by Shopkeeper(C.P) = 1400₹

Profit = 60%

Now find Profit for 1400₹

$Profit = \frac{Profit\: \%}{C.P} × 100$

=> $Profit = \frac{60}{1400} × 100$

= 60 × 14
= 840 ₹

•°• Profit = 840₹

•°• Marked Price = C.P + Profit
=> M.P = 1500 + 840 = 2240

A 15% Discount is now given

$Discount = \frac{15}{100} × 2240$

=> Discount = 336₹

Discount = M.P - S.P
=> S.P = M.P - Discount

=> S.P = 2240 - 336
=> S.P = 1904₹

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Hope it helps