Question

a shopkeeper offers a discount of 12% on a marked price of an article and sells it for ₹1100 calculate the cost price if he gains 10% in the transaction
Please answer with proper steps

Answer 1

Selling price = ₹1100

gain = 10%

Cost price = CP

$CP = SP \times \frac{100}{100+gain\ percent}\\ \\CP = 1100 \times \frac{100}{100 + 10} \\ \\ CP = 1100 \times \frac{100}{110} \\ \\CP = 1000$

Answer 2

Answer:

1000

Step-by-step explanation:

Given,

=> Gain = 10%

=> Selling price = ₹1100

                       

So, We have to find cost price of an Article

Gain percentage = 10%

                         

=> CP = SP*100/100+ percentage gain

(Putting values in formula)

=> 1100 * 100/100+10

                 

CP => 1100 * 100/110

                   

CP => 1000

            CP =   1000

Therefore, cost price is 1000