Question

vishakha offers a discount of 20% on all item at her shops and still makes a profit of 20% . what is the cost price of an article marked at RS 280

Answer 1

Solutions :-

Given :

Marked price = Rs 280
Discount = 20%
Profit = 20%

Find the Selling price :-

S.P = M.P - discount% of M.P
= 280 - 20% of 280
= 280 - 56
= 224

Find the cost price :-

C.P = (S.P × 100)/(100 + Profit)
= (224 × 100)/(100 + 20)
= 22400/120
= 186.66 approx.

Hence,
Cost Price = Rs 186.66