Question

Vishakha offers a discount of 20% on all the items at her shop and still makes a profit of 12%.

What is the cost price of an article marked at ₹ 280?​

Answer 1

Given :

Market Price = Rs 280

Discount = 20%

Profit = 12%

To find : selling price and cost price

Solution :

Finding selling price :-

SP = MP - discount % of MP

= 280 - 20% of 280

= 280 - 56

SP = 224

Finding cost price :-

CP = (SP × 100) / (100 + Profit)

= (224 × 100) / (100 + 12)

= 22400 / 112

= 200

Hence cost price = Rs 200