Question

The marked price of a double bed is 9,575. A shopkeeper allows a discount of 12% and still gains 10%. Find the cost price of the double bed.​

Answer 1

Answer:

7660

Step-by-step explanation:

MRP is 9,575

Discount is 12%.

That means the selling price of the double bed is (100-12)% =88%

That means the selling price is 8,426

Now the question says the shopkeeper still earns a profit of 10%

We known that the profit % is calculated on Cost Price but the MRP is given so to find the cost price.

cp x profit%=sp-cp

Therefore substituting sp and profit percentage we get the cp as 7,660