Question

a traders charge the price of his goods 20% above the purchase price but allow 10% discount to his customers thus he earn a profit of RS 2,400 find the actual purchase price​

Answer 1

Answer:

Let be cost price =Rs.100

Then mark price =Rs.120

∴ Selling price =90% of 120

=

100

120×90

=Rs.108

Profit = Selling price− Cost price

=Rs.(108−100)=Rs.8

Profit % =

100

8×100

=8%