Question

At what price is an article marked it a shopkeeper gives a discount of payment and its net price is 24.20? ​

Answer 1

Cost Price = ₹ 300

Cost Price = ₹ 300Profit = 10%

Cost Price = ₹ 300Profit = 10%Selling Price = CP + 10% of CP

Cost Price = ₹ 300Profit = 10%Selling Price = CP + 10% of CP= 300 + 10/100 * 300

Cost Price = ₹ 300Profit = 10%Selling Price = CP + 10% of CP= 300 + 10/100 * 300= ₹ 330

Cost Price = ₹ 300Profit = 10%Selling Price = CP + 10% of CP= 300 + 10/100 * 300= ₹ 330Marked Price * 80/100 = Selling Price

Cost Price = ₹ 300Profit = 10%Selling Price = CP + 10% of CP= 300 + 10/100 * 300= ₹ 330Marked Price * 80/100 = Selling PriceMP = 100/80 * SP = 5/4*330 = 1650/4 = ₹ 412.5