Question
A shopkeeper marks a product at 20% above the cost
price. He then offers a discount of 15% on the marked price. If he still makes a profit of ₹200, what was the cost price of the product?Solution
ATQ, Let the cost price be x. Marked price = x + 20% of x = 1.2x Selling price after discount = 1.2x * (1 - 15/100) = 0.85 * 1.2x = 1.02x Profit = Selling price - Cost price = 1.02x - x = 0.02x Given, 0.02x = 200 Solving for x, we get x = 10,000
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