A shopkeeper offers 20 % discount to the customers and still makes a profit of 20 %. What is the cost price of a pair of shoes marked at Rs 1 , 800 ?
Answers
Answer:
The cost price is rupees 1182
Step-by-step explanation:
Discount = 1800 * 20/100 = 360
selling price = 1800 - 360 = 1440
Now, the shopkeeper still earns a profit of 20%
Therefore, Profit = 1440 * 20/100 = 288
So, cost price = 1440 - 288 = 1182
Step-by-step explanation:
A shopkeeper gets discount = 20%
Marked price = 1800
therefore, S.P. = MP - discount
1800 - [ 20/100 × 1800]
1800 - 360
1440
We have , S.P = 1440
Profit%= 20%
C.P = [ 100/100+profit%] × S.P
[100/100+20] × 1440
100/120 × 1440
1200
therefore CP = 1200
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