Question

the printed price of a table is rs 5500 the shopkeeper gives 10 % discount on this printed price and yet he gets 10 percent profit. what is the cost price.

Answer 1

Answer:

Rs 4500

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Step-by-step explanation:

Printed Price = 550

Discount = (10/100)* 5500 = 550

Selling Price = 5500 - 550 = 4950

Cost Price = C

Profit = (10/100)*C = 0.1C

Selling Price = C + 0.1 C = 1.1C

1.1C = 4950

C = 4950/1.1 = 4500