At what price should Mahima mark a microwave cost here rupees show that even after offering a 10% discount she made 5% profit
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Answer:
Market price = Rs.8000
Discount = 10%
Complimentary gift = Rs.1200
Find out
We have to find the cost price per microwave.
Solution
The discounted amount is
A = 10% of 8000 + 1200
A = 800 +1200 = 2000
Selling price SP = 8000-1200 = 6000
The showroom earns a profit of 20%.
Cost price formula = {100/(100 + Profit%)} × SP.
= {100/(100 + 20)} x 6000
= (100/120) x 6000
= 5000
CP = 5000
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