Question

A shopkeeper marks his goods at such a price that would give him a profit of 108
after allowing a discount of 12%. If an article is marked at *2250, find its :
(i) selling price (ii) cost price.​

Answer 1

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Profit% = 10%  

Discount% = 12%  

Marked price (M.P) = Rs 2250

Selling Price (S.P) = 2250 ∗ ( $\frac{100-12}{100}$ ) = Rs 1980

⇒ S.P = $\frac{110}{100}$ ∗ C.P

⇒ C.P = 1980 ∗ $\frac{100}{110}$ = Rs 1800

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