Question

A shopkeeper mistakenly bought defective wooden cot since the cot was defective he gave a discount of 20% on the Marked price in such a way that he managed to Limit his loss to rupees 400 which amounted to 4% loss at what price did the shopkeeper mark the cot???fast please​

Answer 1

Answer + Step-by-step explanation:

As it is given as 4% loss = 400Rs

Then Loss% = (loss/CP) *100

Let the CP be xRs

So 4% = (400/x)*100

So x = 10000Rs

So The CP of the cot is 10000Rs

And the selling price is CP -Loss = 10000 - 400 = 9600Rs

And the discount is given on marked price

After the discount is given, the article is sold at SP

So let the marked price be yRs

So SP = y - 20% of y

Or 9600 = y -(20/100)*y

So y = 12000Rs

Hence the marked price of the cot is 12000Rs

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