Question

A trader marked up the price of an item by 20%.
He sold the same after giving a discount of Rs. 40
on marked price, making a profit of 10%. What is
the cost price of the item?

Answer 1

Answer:

Step-by-step explanation:

Yo find the cost price it is selling price all over profit or loss tines 100

Answer 2

x= the original price

x= 120/100x -40

x-120/100x=-40 (the subtraction signs get cancelled)

0.2x=40

x=40/0.2

x= 200

y=cost price

200= y+20/100y

200=1.2y

y= 166.66