Question

A shopkeeper sells an article at a profit of 25%. if he want to mark a certain amount on the article and gives a discount of 30%, the profit of the article is same as previous, then find the mark price of the article if the cost price of the article is rs.798​

Answer 1

Answer:

An article was sold at 12% profit after giving a discount of 28%. If the mark price was Rs 224, what was the cost price?

An article was sold at 12% profit after giving a discount of 28%. If the mark price was Rs 224, what was the cost price?

Solution: Let the cost price = C.

Marked price = Rs.224.

Discounted price = 224*(1–0.28) = 161.28

Profit = 12 = (161.28-C)*100/C, or

12C = 16128 - 100C, or

112C = 16128, or

C = 16128/112 = 144.

The cost price was Rs.144. Answer.