A shopkeeper offers 12% discount to the customer and still makes a pro

1.	A shopkeeper offers 12% discount to the customer and still makes a profit of 20% . What is the actual cost of an article marked 600
Answer» Given : Marked price of an ARTICLE = RS 600 DISCOUNT = 12% Find the Selling price of an article :- S.P = M.P - discount % of M.P = 600 - 12% of 600 = 600 - 0.12 × 600 = 600 - 72 = 528 Find the COST price of an article at the profit of 20% :- C.P = (S.P × 100)/(100 + Profit) = (528 × 100)/(100 + 20) = 52800/120 = 440 Hence, The actual cost of an article = Rs 440

A shopkeeper offers 12% discount to the customer and still makes a profit of 20% . What is the actual cost of an article marked 600

Answer»

Given :

Marked price of an ARTICLE = RS 600

Find the Selling price of an article :-

S.P = M.P - discount % of M.P

= 600 - 12% of 600

= 600 - 0.12 × 600

= 600 - 72

= 528

Find the COST price of an article at the profit of 20% :-

C.P = (S.P × 100)/(100 + Profit)

= (528 × 100)/(100 + 20)

= 52800/120

Hence,

The actual cost of an article = Rs 440