the marked price of an article is 840 rs. A shopkeeper gives discount of 15% on the marked price and still makes a profit of 19%. what is the cost price of the article?
Answers
Step-by-step explanation:
Given:
MP of the article = Rs 840
Discount, (D) = 15%
Profit, (P) = 19%
Formula used:
Selling price, (SP) = Marked price × (100 – D%)/100
Cost price, (CP) = (Selling price × 100)/(100 + P%)
Concept used:
The discount is given on the marked price
Calculation:
SP = Marked price × (100 – D%)/100
⇒ 840 × (100 - 15)/100
⇒ 840 × (85)/100
⇒ 714
Now, CP = (Selling price × 100)/(100 + P%)
⇒ (714 × 100)/(100 + 19)
⇒ (714 × 100)/(119)
⇒ 600
∴ The cost price of the article is Rs 600
Answer:
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Step-by-step explanation:
by selling an article at a discount of 15% the shopkeeper still making profit of 19%. this mean the total profit he is making on an article is 19%+15%=34%
34% of 840 is
840•34/100 = 285.6
285.6 is the total profit amount
C.P of article = Total amount - profit amount
CP of article= 840 - 285.6
CP of an article is 554.4