Question

An article is marked at Rs. 2,250. By selling it at a discount of 12%. the dealer makes a profit of 10%. Find : (i) the selling price of the article. (ii) the cost price of the article for the dealer.

Answer 1

(i) Market price = Rs. 2,250
S.P. = $\frac{2250(100-12)}{100}=\frac{2250\times 88}{100}=45\times 44$
= Rs. 1980
(ii) S.P. = Rs. 1980, Profit = 10%
$\therefore$ C.P. of the article = $\frac{100}{110}\times 1980=100\times 18$
=Rs. 1800