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Answer:
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Step-by-step explanation:
Given :-
A shop keeper offers a discount of 20% on all the articles at his shop and all makes a profit of 12%.
To find :-
What is the CP of an article whose MP is Rs. 280 ?
Solution :-
Given that
The Marked Price of an article (M) = Rs. 280
Discount on it = 20%
Discount (D) = MD/100
=> Discount = (280×20)/100
=> Discount = 28×2
=> Discount = Rs. 56
Selling Price = Marked Price - Discount
=> Selling Price = 280-56
=> Selling Price = Rs. 224
Selling Price of the article = Rs. 224
Profit on it = 12%
We know that
Cost Price = (100×SP)/(100+g)
=> CP = (100×224)/(100+12)
=> CP = 22400/112
=> CP = 200
Therefore, The CP = Rs. 200
Answer:-
→ The Cost Price of the article = Rs. 200
Used formulae:-
→ Discount (D) = MD/100
- M = Marked Price
→ Selling Price = Marked Price - Discount
→ Cost Price = (100×SP)/(100+g)
- SP = Selling Price
- g = gain or profit