The market price of a mobile phone is 8000. A shopkeeper sells it at a discount 20% and earns a profit of 25%. find the cost price of the mobile phone
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400 is the cost of the mobile phone
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We are given
Market price = 8000
Discount %. = 20%
Profit % = 25%
We know that
S.P.= M.P (1 - D%)/ 100
= 8000 (1 - 20)/100
= 80× 19
S.P.=1520
Then,
C.P. = 100 × S.P./ 100 + P%
=100 × 1520 / 100 + 20
=152000 /125
Cost Price = Rs. 1216
Market price = 8000
Discount %. = 20%
Profit % = 25%
We know that
S.P.= M.P (1 - D%)/ 100
= 8000 (1 - 20)/100
= 80× 19
S.P.=1520
Then,
C.P. = 100 × S.P./ 100 + P%
=100 × 1520 / 100 + 20
=152000 /125
Cost Price = Rs. 1216
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