The Cost Price Of A Bed Is Rs.2400 Which Is 20% Below The Market Pric

1.	The Cost Price Of A Bed Is Rs.2400 Which Is 20% Below The Market Price If It Is Sold At A Discount Of 16% On The Market Price Then Find Its Market Price, Selling Price And Profit ?
Answer» Cost PRICE of bed= Rs.2400 Let's take market price of bed = X As the question C.P= (X-20X)/100 C.P= 80X/100 -&GT; 2400=8X/10 X = Rs.3000. -> S.P = 3000 ? (163000)/100 Selling Price = 2520 -> Profit = 2520- 2400 ==> 120Rs. %profit = 120100/2400= 5% Cost price of bed= Rs.2400 Let's take market price of bed = X As the question C.P= (X-20X)/100 C.P= 80X/100 -> 2400=8X/10 X = Rs.3000. -> S.P = 3000 ? (163000)/100 Selling Price = 2520 -> Profit = 2520- 2400 ==> 120Rs. %profit = 120100/2400= 5%

The Cost Price Of A Bed Is Rs.2400 Which Is 20% Below The Market Price If It Is Sold At A Discount Of 16% On The Market Price Then Find Its Market Price, Selling Price And Profit ?

Answer»

Cost PRICE of bed= Rs.2400

Let's take market price of bed = X

As the question

C.P= (X-20X)/100

C.P= 80*X/100 -&GT; 2400=8*X/10

X = Rs.3000.

-> S.P = 3000 ? (16*3000)/100

Selling Price = 2520

-> Profit = 2520- 2400 ==> 120Rs.

%profit = 120*100/2400= 5%

Cost price of bed= Rs.2400