Question

By selling a camera marked at Rs. 3,150 at a discount of 12%, a shopkeeper gains 26%. What is the cost price of the camera for the shopkeeper?

Answer 1

The Cost Price is Rs 942.8

Answer 2

✬ Cost Price = Rs 3492.72 ✬

Step-by-step explanation:

Given:

• Marked price of camera is Rs 3150.
• Discount % on camera is 12 %.
• Profit % made by shopkeeper is 26 %.

To Find:

• What is the cost price of camera ?

Solution: Total discount given on camera = 12 % of Marked Price

$\implies{\rm }$ Total discount = 12 % of 3150

$\implies{\rm }$ 12/100 $\times$ 3150

$\implies{\rm }$ 37800/100

$\implies{\rm }$ Rs 378

So, Discount given in camera is Rs 378.

★ Selling Price = Marked Price – Discount ★

➮ S.P = Rs ( 3150 – 378 ) = Rs 2772

• Here selling price and profit% are given so to find cost price we use the formula :

★ C.P = (100 + Profit%/100) $\times$ S.P ★

$\implies{\rm }$ C.P = (100 + 26/100) $\times$ 2772

$\implies{\rm }$ C.P = 126/100 $\times$ 2772

$\implies{\rm }$ C.P = 349272/100

$\implies{\rm }$ C.P = Rs 3492.72

Hence, The cost price of camera for shopkeeper is Rs 3492.72