a shopkeeper mistakenly brought a defective wooden cot.since the cot was defective he gave a discount of 20% on it.He marked its price in such a way that he managed to limit his loss to rs 400 which amounted 4% loss at what price did the shopkeeper mark the cot
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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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