. A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the cost price for him of an article marked Rs. 280?
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Marked Price (M.P) = 280
Discount = 10%
S.P = M.P*(100-d)/100 = 280(100-10)/100 = 252
S.P= Rs.252
P% = 26%
S.P = C.P(100+P)/100
252 = C.P(126)/100
C.P = 252*100/126 = 200
Hence, Cost Price is Rs.200
Hope it helps.
Discount = 10%
S.P = M.P*(100-d)/100 = 280(100-10)/100 = 252
S.P= Rs.252
P% = 26%
S.P = C.P(100+P)/100
252 = C.P(126)/100
C.P = 252*100/126 = 200
Hence, Cost Price is Rs.200
Hope it helps.
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