Question

A shopkeeper offers his customers 10% discount and makes a profit of 26%. What is the cost price of an article marked at Rs 2800?

Answer 1

Answer:

CP = 2000

Step-by-step explanation:

MRP of the article = 2800

Discount = 10% of 2800 = 2800 * 10/100 = 280

SP = 2800 - 280 = 2520

Profit = 26%

Let CP be x

CP + Profit = SP

x + x * 26/100 = 2520

100x + 26x = 2520 * 100

126x = 252000

x = 252000 / 126

x = 2000

Thus CP is 2000

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Answer 2

Step-by-step explanation:

MRP of an article =2800

discount=10% of 2800.

2800/100

=28

SP =280-28=252

Profit=26%

let CP be x

CP+Profit=SP

X+X*26/100=252

100x+26x=252*100

126x = 25200

X =25200/100

X=200

Therefore, CP=200