Question

A shopkeeper gives discount of 25% and still manages to gain 20% profit on the sale of a product if we mark the product at rupees 260 what is the cost price of the product​

Answer 1

M.p=260

SP=260x75/100=195

CP =spx loo/loo+profit

=195x100/120 = Rs162.50

costprice is Rs.162.50