A shopkeeper marks the price of the article in such a way that after allowing 28% discount, he wants a gain of 12%. If the marked price is ₹224. then the cost price of the article is:
Answers
Answered by
3
Answer:
Rs.144
Step-by-step explanation:
Marked price (MP) = Rs.224
Discount = 28%
Hence, selling price (SP) = 72% of MP = 72/100 * 224 = Rs.161.28
Gain = 12%
=> 112% of CP = SP
=> 112/100 * CP = 161.28
=> CP = 144
Hence, cost price of article = Rs.144
Similar questions
Computer Science,
4 months ago
Math,
4 months ago
English,
4 months ago
Math,
8 months ago
Social Sciences,
8 months ago
Biology,
11 months ago
Chemistry,
11 months ago
Chemistry,
11 months ago