A shopkeeper sells biscuits at a discount of 8% on the MP and makes a profit of 5%. If the CP of biscuits 800, calculate the MP at which he is selling it.
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Answer:
913.04 rupees ,go through following attachment
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Step-by-step explanation:
Given:
Profit expected = 30%
if profit = 25%, different in amount = Rs 400
To Find:
Cost Price of the dress
Solution
Find the difference in profit:
Difference = 30 - 25
Difference = 5%
Find 1%:
Difference in profit = 5%
Difference in profit = Rs 400
5% = 400
1% = 400 ÷ 5
1% = Rs 80
Find the cost price:
Cost Price = 100%
1% = Rs 80
100% = 80 x 100
100% = Rs 8000
Answer: The cost price of the dress is Rs 8000
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