Question
A shopkeeper marked an article ‘A’ 12% above the cost price and sold it for Rs. 1008 after giving a certain discount while he sold an article ‘B’ for Rs. 3360. If cost price of article ‘B’ is Rs. 2400 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.
Solution
Percentage profit earned on selling article ‘B’ = [(3360 – 2400)/2400] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.60 = 25% So, marked price of article ‘A’ = 1008/0.75 = Rs. 1344 Cost price of article ‘A’ = 1344/1.12 = Rs. 1200
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