Question

A trader marks the price of an article 50% above the cost price. He gives 12% discount to the buyers and
earns a profit of Rs. 16 on the article. Find the cost price of the article.​

Answer 1

Answer:

₹9.92

Explanation:

Let the cost price of an article be x

Then price marked by the trader = x+50%

Discount he gave to buyers = x+50%-12% = x+ 38%

That means x+38%= 16

x= 16 of 38%

= 16×38/100 = 6.08 profit

Then cost price = 16-6.08 = ₹9.92