A shopkeeper offers his customers 10% discount and still makes a profi...
Given:- The shopkeeper offers a 10% discount on the marked price of an article.
- The shopkeeper still makes a profit of 26% on the cost price.
To Find:The cost price of an article marked at ₹280.
Assumptions:- The profit percentage is calculated on the cost price.
- The discount is applied after calculating the profit.
Solution:Step 1: Calculate the Selling Price (SP) after the discount:Given that the article is marked at ₹280 and a 10% discount is offered, we can calculate the selling price (SP) after the discount as follows:
SP = Marked Price - Discount
SP = ₹280 - (10% of ₹280)
SP = ₹280 - (0.10 * ₹280)
SP = ₹280 - ₹28
SP = ₹252
Therefore, the selling price after the discount is ₹252.
Step 2: Calculate the Cost Price (CP) using the profit percentage:Given that the shopkeeper makes a profit of 26% on the cost price, we can calculate the cost price (CP) as follows:
Profit = Profit Percentage * Cost Price
26% of CP = SP - CP
26% of CP = ₹252 - CP
To eliminate the percentage, we can convert it to a decimal:
26% = 26/100 = 0.26
0.26 * CP = ₹252 - CP
1.26 * CP = ₹252
CP = ₹252 / 1.26
CP = ₹200
Therefore, the cost price of the article is ₹200.
Summary:- The selling price of the article after a 10% discount is ₹252.
- The cost price of the article is ₹200.
- The shopkeeper makes a profit of ₹52 on the cost price of ₹200, which is equivalent to a profit percentage of 26%.
HTML Representation:Given:
- The shopkeeper offers a 10% discount on the marked price of an article.
- The shopkeeper still makes a profit of 26% on the cost price.
To Find:The cost price of an article marked at ₹280.
Assumptions:
- The profit percentage is calculated on the cost price.
- The discount is applied after calculating the profit.
Solution:Step 1: Calculate the Selling Price (SP) after the discount:SP = Marked Price - Discount
SP = ₹280 - (10% of ₹280)
SP = ₹280 - (0.10 * ₹280)
SP = ₹280 - ₹28
SP = ₹252
Step 2: Calculate the Cost Price (CP) using the profit percentage:Profit = Profit Percentage * Cost Price
26% of CP = SP - CP
26% of CP = ₹252 - CP
To eliminate the percentage, we can convert it to a decimal:
26% = 26