the Marked price of a book is rupees 360 the dealer offers a discount of 10% and still makes a profit of 20% find its selling price and cost price
Answers
Solution :
The marked price of a book is Rs. 360
It is offered by the dealer at a discount of 10% while he still makes a profit of 20%
We have to find the selling price and cost price respectively of that book.
The selling price of the book is the price at which it's offered by the dealer.
So, the selling price is 90% of marked price
90% of 360
>> (9 × 36)
>> Rs. 324
He still makes a profit of 20%
Suppose that the cost price is x inr
>> 120% of x = 324
>> x = 324 × 100/120
>> 81 × 10/3
>> Rs 270
Answer : The selling price and the cost price of the book are Rs. 324 and Rs. 270 respectively.
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Given :-
the Marked price of a book is rupees 360 the dealer offers a discount of 10% and still makes a profit of 20%
To Find :-
SP and CP
Solution :-
We know that
SP = MP(100 - D%)/100
SP = 360(100 - 10)/100
SP = 360 × 90/100
SP = 36 × 9
SP = 324
Now,
Finding CP
Let,
CP = x
We have
SP = 324
Profit% = 20%
We know that
Profit = SP - CP
Profit = (324 - x)
Now
Profit% = Profit/CP × 100
20 = (324 - x)/x × 100
20 × x = 100(324 - x)
20x = 32400 - 100x
20x + 100x = 32400
120x = 32400
x = 32400/120
x = 3240/12
x = 270
Hence,
SP = ₹324 and CP = ₹270