Question
A shopkeeper marks an article 50% above cost price. He
gives successive discounts of 20% and 10%. If profit is Rs 180, find the cost price.Solution
ATQ, Let CP = 100 MP = 150 After 20% discount: SP = 150 × 80/100 = 120 After 10% discount: SP = 120 × 90/100 = 108 So SP = 108 when CP = 100 ⇒ profit = 8% 8% of CP = 180 ⇒ CP = 180 × 100/8 = 2250
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