Question
A shopkeeper marks an item at Rs. 1200 and gives a
discount of 15%. He still earns a profit of 20% on cost. Find the cost price.Solution
ATQ,
Selling price = 1200 – 15% of 1200 = 1200 – 180 = 1020 1020 = CP + 20% of CP 1020 = 1.2 CP CP = 1020 / 1.2 CP = 850
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