Question

A shopkeeper sold an iron for Rs.5500 and gaind 10%,Find the CP of the iron
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Answer 1

Step-by-step explanation:

.P. of an electric Iron = Rs. 690

After Discount, S.P. = 90% of 690 = Rs. 621

Gain = 8%

C.P of an electric Iron = 621×100100+8

= 621×100108= Rs.575

No Discount, gain of Iron = 690 - 575 = Rs. 115

gain % = 115575×100=20