The market price of a packet tea is rs 140 but a shopkeeper gives a cut costing rs 8 free with it . by doing so he still gain 10%.find the cost price of 1kg tea.
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Answer:
MP=rs. 140
Discount=rs.8
SP=MP - Discount
= rs. 140 - 8
= rs. 132
Gain % = 10
CP = ( 100/100+gain%)×SP
=( 100/100+10)× 132
=rs. 120
Hence the CP of 1kg is rs 120
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