Question
Download Solution PDFA shopkeeper allows his customers 8% off on the marked price of goods and still gets a profit of 19.6%. What is the actual cost of an article marked ₹5,200?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked price (MP) = ₹5,200
Discount = 8%
Profit = 19.6%
Formula used:
Selling Price (SP) = MP - Discount
Cost Price (CP) = SP / (1 + Profit%)
Calculation:
SP = 5200 - (8/100) x 5200
⇒ SP = 5200 - 416
⇒ SP = 4784
CP = 4784 / (1 + 19.6/100)
⇒ CP = 4784 / 1.196
⇒ CP = 4000
∴ The correct answer is option 1.
Last updated on Jul 16, 2025
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