The selling price of a shirt is 1,617 after giving a discount of 435 on the marked price. (a) Find the rate of discount given on the marked price of the shirt b) Find the cost price of the shirt if its marked price is 20% higher than the cost price.
Answers
Answer:
a) the rate of discount given on the marked price of the shirt is 21.19 %
b) the cost price of the shirt is 1710
Step-by-step explanation:
Given : Selling price = 1617
Discount = 435
rate of discount = ?
Profit = 20%
Cost price =?
Solution : Marked price = discount + selling price
= 435 + 1617
= 2052
a) Rate of discount = Discount/ Marked price x100
= 435/2052 x 100
= 21.19 %
b) Marked price = Cost price ( 1 + Profit)
Cost price = Marked price/ (1+ Profit)
= 2052/ (1 + 20/100)
= 2052/(1+0.2)
= 2052/1.2
= 1710