Question
A man buys an article at a discount of 10% on the marked price of Rs 800. He then sells it at a profit of 20% on his cost price. Find the selling price.
Solution
Marked price = 800 Discount = 10% of 800 = 80 Cost price (CP) = 800 − 80 = 720 Profit = 20% of 720 = 0.20 × 720 = 144 Selling price (SP) = CP + Profit = 720 + 144 = Rs.864
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