A shopkeeper offers 10% discount on the marked price of his articles and still makes a profit of 20%. What is the actual cost of the article marked Rs.500 for him ?

Rs.350

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Rs. 375

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Rs. 400

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Rs. 300

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Solution

The correct option is C Rs. 375
M.P = Rs. 500 Discount = 10%
$∴$ S.P. = Rs.500-10% of Rs.500=90% of Rs.500= $\frac{90}{100} \times R s .500 = R s .450$
Profit = 20% $C . P . = R s . (\frac{450 \times 100}{120}) = R s .375$

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A shopkeeper offers 10% discount on the marked price of his articles and still makes a profit of 20%. What is the actual cost of the article marked Rs.500 for him ?

The correct option is C Rs. 375 M.P = Rs. 500 Discount = 10%∴ S.P. = Rs.500-10% of Rs.500=90% of Rs.500=90100×Rs.500=Rs.450Profit = 20% C.P.=Rs.(450×100120)=Rs.375

The correct option is C Rs. 375
M.P = Rs. 500 Discount = 10%
$∴$ S.P. = Rs.500-10% of Rs.500=90% of Rs.500= $\frac{90}{100} \times R s .500 = R s .450$
Profit = 20% $C . P . = R s . (\frac{450 \times 100}{120}) = R s .375$