Question

A shopkeeper offers 15% season discount to the customers and still makes a profit of 19%. What is the cost price for the shopkeeper on a saree marked at Rs 2,240 ?

Answer 1

M. P = Rs 2240
Discount % = 15%
Discount allowed $=Rs\frac{15}{100}\times 2240=Rs336$
Thus, S.P. of the saree = Rs (2240 -336) = Rs 1904
Now, profit % of the shopkeeper = 19%
Therefore, C.P. $=\frac{100\times S.P}{(100+Profitpercent)}=Rs\frac{100\times 1904}{(100+19)}=Rs\frac{100\times 1904}{119}$
$=Rs100\times 16=Rs1600$
Thus, the cost price of the saree is Rs 1,600.