at what price should shyam sell a pair of shoes which costs him rs. 1200 so as to gain 12%after allowing a discount of 16%
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Answered by
76
CP=1200.
To gain 12%, SP=(112/100)*1200=1344.
Now, Marked/Listed price has to set X as to receive a overall profit of 12%, after giving 16% discount.
100–16=88%.
(88/100)*x=1344 | X=1600rs.
To be remembered:
Discount on marked price, gives SP.
Profit/loss is calculated on CP.
Hope it helps.
To gain 12%, SP=(112/100)*1200=1344.
Now, Marked/Listed price has to set X as to receive a overall profit of 12%, after giving 16% discount.
100–16=88%.
(88/100)*x=1344 | X=1600rs.
To be remembered:
Discount on marked price, gives SP.
Profit/loss is calculated on CP.
Hope it helps.
Answered by
9
CP=1200.
To gain 12%, SP=(112/100)*1200=1344.
Now, Marked/Listed price has to set X as to receive a overall profit of 12%, after giving 16% discount.
100–16=88%.
(88/100)*x=1344 | X=1600rs.
To be remembered:
Discount on marked price, gives SP.
Profit/loss is calculated on CP.
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