Question

The Marked price of a mixer is 11150 and it sold at 10% discount the shopkeeper earns a profit of 11.5% what was the cost price of the mixer

Answer 1

Answer:

Question :The Marked price of a mixer is 11150 and it sold at 10% discount the shopkeeper earns a profit of 11.5% what was the cost price of the mixer

Answer :

Given, Marked price of a mixer = 11,150.

Given Discount = 10%.

⇒ Discount = 10% of 11,150

= (10/100) * 11,150

= 1115.

Selling price of the mixer = 11,150 - 1115

= 10035.

Now,

Let the cost price of the mixer be 'x'.

Given, Profit = 11.5%.

⇒ 11.5% of x

⇒ (11.5/100) * x

⇒ 0.115x

Selling price of the mixer = x + 0.115x

= 1.115x.

But selling price of the mixer = 9923.5

⇒ 1.115x = 10035

⇒ x = 9000.

Therefore, Cost price of the mixer = 9000.

Step-by-step explanation:

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