Q1- Vishaka offers discount of 20% at all items at her shop and still makes a profit of 12%. What is cost prize of an article maked at rs.280. cost of 15 article is equal to selling price of 12 article
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Answer:
marked price= Rs 280
Discount= 20 percent
profit = 12 percent
finding selling price:-
S.P = M.P - discount% of M.P
= 280 - 20% of 280
= 280 - 56
= 224
finding the cost price :-
C.P =( S.P × 100) / (100+ profit)
=
(224 × 100) / ( 100+ 12)
22400 / 112
= 200
hence cost price is 200 Rs
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