Question

An article is sold at a price of 1600. By selling it at a discount of 16% the seller makes 12% profit.Find i) the selling price if the article ii) the cost price of the article​

Answer 1

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The cost price of an article is Rs. 1600, which is 20% below the marked price. If the article is sold at a discount of 16%, then find a profit percentage.

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Solution

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CP=Rs .1600

Given CP=(M.P−

100

20

MP)

1600=

100

80

M.P

M.P=Rs=2000

S.P (at a 16 M= discount)(2000−2000×

100

16

)

=Rs .1680

Profit =S.P−C.P.

=Rs 80

Profit %=

C.P

Profit

×100=

1600

80

×100=5%