Question

A shopkeeper marked the price of an article by 40% above cost price and gave discount of Rs. 224. On the final amount, he charged a tax of 10%. In the whole transaction he earned profit of Rs. 158.6. What is the cost price of article?​

Answer 1

Answer:

Step-by-step explanation:

Let cost price be Rs. 100x  

Marked price = 140 /100 × 100x = Rs 140x

Selling price after tax = 110/100 × (140x − 224) = Rs (154x − 246.4)  

ATQ, 100x + 158.6 = 154x − 246.4  

x = 7.5  

Cost price of article = 100x = Rs 750