Question

John marked his goods 32% above cost price .If the marked price good were 237.6 then find the cost price of the good

Answer 1

Answer:

The marked price of an article is 32% above its cost price. What is the rate of discount he can offer so that he gains 10%

Answer 2

The cost price of good is Rs. 180.

Given - Increase percentage and marked price

Find - Cost price

Solution - Let the cost price of good be x. The equation to find the cost price of the good is as follows -

237.6 = x + 32%x

237.6 = x + $\frac{32x}{100}$

Taking LCM, we get 100

$237.6 = \frac{100x + 32x}{100}$

$237.6 = \frac{132x}{100}$

$132x = 237.6 \times 100$

$x = \frac{23760}{132}$

x = 180

Hence, the cost price of good is Rs. 180.

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