A shopkeeper offers 15.5% discount to the customer and still makes a profit of 20% what is the cost price of a pair of jeans marked rupees 1100
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Step-by-step explanation:
Marked price of the Jeans= Rs 1100
Discount = 15.5 %
Therefore the discount price = = Rs 170.5
Therefore he sells the jeans for Rs (1100-170.5) = Rs 929.5
He makes a 20%
That is: If the cost price is Rs. 100, the selling price is Rs. 120
If the selling price is Rs. 929.5 the cost price is (100X 929.5) ÷120 = 774.58
There fore the cost price of the jeans is Rs. 774.58
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