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ICSE Class 8 Answered

A shopkeeper allows 20 percent discount on his goods and still earns a profit of 20 percent.If an article is sold for Rs360 ,find: The marked price  The cost price
Asked by Anuj8651218778 | 24 May, 2019, 08:50: AM
answered-by-expert Expert Answer
SP = Rs 360
let MP = Rs x
SP = MP - 20%MP
360 = 0.8MP
MP = Rs 450
 
Profit% = (SP - CP)/CP x 100
20 = (360 - CP)/CP x 100
CP = Rs. 300
Answered by Arun | 24 May, 2019, 09:23: AM

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