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A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the cost price of an article marked at ₹280?
Verified Answer
A shopkeeper offers his customers 10% discount and still makes a profi...
The the C.P. (actual cost) be n.
 Marked price = Rs.280
According to the question, if the shopkeeper offers 10% discount on Rs.280, he makes a profit of 26% on n.
26% of n = 26/100 x n = 26n/100
 Gain of 20% on n = n + 26n/100
 Next, 10% of 280 = 28. 10% off on 280 = Rs.280 - Rs.28 = Rs.252.
According to the question,
 252 = n + 26n/100
=> 252 = 100n + 26n
 100
=> 252 = 126n/100  next, we will do cross-multiplication.
=> 126n = 252 x 100
=> 126n = 25200
=> n = 25200/126
=> n = 200
 Therefore, the C.P. of the article is Rs.200
This question is part of UPSC exam. View all Class 8 courses
Most Upvoted Answer
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
Community Answer
A shopkeeper offers his customers 10% discount and still makes a profi...
Cp = 200
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A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the cost price of an article marked at ₹280? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the cost price of an article marked at ₹280? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the cost price of an article marked at ₹280?.
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