Question

the marked price of an article is Rs 1280, by using a discount of 10% if the profit is rs 72, then its cost price is

Answer 1

MP = Rs 1280

Discount = 10% = Rs 128

Profit = Rs 72

CP = MP - Discount - Profit

CP = 1280 -128 -72

CP = Rs 1,080.00

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Answer 2

Answer:

Cost price of the article = 1080

Step-by-step explanation:

Given,

Marked price = 1280

Discount % = 10%

Profit = Rs. 72

To find,

Cost price

Recall the formulas

Discount% = $\frac{discount}{Marked Price} X100$

Discount  = Marked Price - Selling Price

Profit  =  Selling price  - Cost price

Solution

Since Marked price = 1280 and discount% = 10%

Discount  = 1280 ×10% = Rs. 128

Since, Discount  = Marked Price - Selling Price

We have Selling price  = Marked price - discount

= 1280 - 128

= 1152

Selling price  = 1152

Since, Profit  =  Selling price  - Cost price

72 = 1152 - Cost price

Cost price = 1152 - 72

= 1080

∴Cost price of the article = 1080

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