what price should a shopkeeper mark on an article that cost him rupees 1000 to gain 20% after allowing allowing the discount of 20%
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The price of the article is Rs. 800..... pls mark as brainlist
Answered by
1
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Answer-
Step-by-step explanation:
let S.P be x
Discount = 20% of x = 0.2 x
Net S.P = x-0.2x = x(1 - 0.2) = 0.8x
P% = P/CP x 100
P% = S.P-C.P/C.P x 100 because Profit = SP - CP
20 = 0.8x - 1000/1000 x 100
200 = 0.8x - 1000
which implies, 0.8x = 1200
which implies, x = 1200/0.8x = 1200 x 10/8
x = 300 x 5 = 1500 (ans)
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