The marked price of a saree is ₹ 9575. The shopkeeper allows 12% discount on the MP and still makes 10% profit. Find the CP of the saree
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7
Step-by-step explanation:
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10
Answer:
7660
Step-by-step explanation:
Given,
Marked price of saree = 9575
Shopkeeper allows 12% discount on the MP.
Discount = 12% of 9575
= (12/100) * 9575
= 1149
we know that,
Selling price = M.P - Discount
= 9575 - 1149
= 8426
Let the cost price of the saree = x.
Given that he still makes 10% profit.
Gain% = [(S.P - C.P)/CP] * 100
=> 10 = (8426 - x)/x] * 100
=> 10x = (8426 - x) * 100
=> 10x = 842600 - 100x
=> 110x = 842600
=> x = 7660
Therefore,
Cost price of the saree = 7660
Hope it helps!
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