Question
A shopkeeper marks an article 25% above cost price and
gives a discount of 12% on the marked price. If his profit is Rs 180, then the cost price is:Solution
Let cost price = 100 Marked price = 125 Selling price after 12% discount: 125 x 88/100 = 110 So profit = 10% If 10% profit = Rs 180, then cost price = 180 x 100/10 = 1800
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