Question

A shopkeeper marked the price of an item at
25% more than its cost price. Ravi purchased the
same item at a discount of 12% on the marked price
but also paid sales tax of 8% on the discounted
price. Ravi then sold it to Surya for 2,876 and
thereby earned a profit of 25% on original cost price,
At what price did Ravi buy the item?​

Answer 1

Answer:

Rs.4032

Step-by-step explanation:

For the shopkeeper.

C.P. of article

= (100130×5200)

= Rs.4000

Marked price of article

= 4000×1125100 = Rs. 4500

For Mr. Sharma,

Discounted price of article

= Rs. (4500×80100)

= Rs.3600 Therefore, Actual C.P. of article

= Rs. (3600+3600×12100)

= Rs.(3600+432)

= Rs.4032