A shopkeeper offers a discount of 20% and on all articles all articles at his shop and still makes a profit of 12% what is the cost price of an article whose marked price is rupees 280
Answers
Answer:
Marked price= ₹280
Discount-- 20%
Discount cost -- 20×280/100 = 56₹
Selling price=marked price -discount =280-56=₹ 224
S.P. =224
Profit%=12
C.P. =S.P. ×100/100+profit%
=224×100/112=200
Cost price=₹200
The cost price of the article was ₹ 200.
Step-by-step explanation:
Marked price of an article = ₹ 280
selling price after discount of 20% = 280 -(20% of 280)
= 280 -(0.20 × 280)
= 280 - 56
= ₹ 224
Let the cost price of the article = x
Profit on the article = 12% of x
= 0.12x
Selling price = cost price + profit
224 = x + 0.12x
224 = 1.12x
x = 200
The cost price of the article was ₹ 200.
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