Question
A shopkeeper marks the price of an article 50% above its
cost price. He allows two successive discounts of 20% and 10% on the marked price and still makes a profit of Rs. 96. Find the cost price of the article.Solution
ATQ, Let CP = x, then MP = 1.5x After discounts: SP = 1.5x × 0.8 × 0.9 = 1.08x Profit = 1.08x − x = 0.08x = 96 → x = 96 / 0.08 = 1,200.
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