by selling an article at a discount of 25%. there is a loss of 200. if discount rate is only 10% .there will be the profit of 8%.find c.p and m.p of the article.
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1
Answer:
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Step-by-step explanation:
Answered by
1
Answer:
CP=2000 and MP=2400
Step-by-step explanation:
Discount will be given on MP
(100-Discount)%MP=SP
Given,
By selling an article at a discount of 25%. there is a loss of 200
(100-25)%of MP=SP
75%of MP=SP
here loss=200
we know loss=CP-SP
SP=CP-200
hence,
75%of MP=CP-200 ------------- Eq(1)
if discount rate is only 10% there will be the profit of 8%.
90%of MP=SP
we know,SP=(100+gain%)/100*CP
SP=(108/100)*CP
90%of MP=(108/100)*CP---------------------Eq(2)
by diving Eq(1) by Eq(2)
we get CP=2000
substitute CP value in any equation
75%of MP=2000-200
MP=2400
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