Question

In a festive season,a retailer sells readymade cloths at a discount of 20% and still gains 20% of cost price.If the retailer market price for a pair of jeans in ₹4200,find the retailers cost price?

Answer 1

MP=Rs 4200

SP=Rs 4200×80/100=Rs 3360

According to the question

CP+CP×20/100=3360

CP(1+1/5)=3360

CP×6/5=3360

CP=3360×5/6

CP=2800

Hence, the required CP is Rs 2800