Question

Anil marked an article at Rs 25000.He offered a discount of28% on the marked price, but still earned a profit of 20% what is the cost price?

Answer 1

Answer:

Step-by-step explanation:

Let CP = 100%

∴ SP% = CP% + Profit% = 120%

Also, SP (in Rs) = Marked Price - Discount

                         = 25000 - (0.28×25000)

                         = 25000 - (7000)

                         = 18000

Now comparing SP% to SP (in Rs), we get:

120% = Rs 18000

∴1% = $\frac{18000}{120}$

∴CP i.e. 100% = $\frac{18000}{120}$ × 100

                       = Rs 15000