Question

Rashi went on shopping with her mother. There she saw a toy whose selling price was Rs 200. The shopkeeper sells it at a discount of 20%. The shopkeeper still makes a profit of 60%. Find the cost price of the toy. [4 MARKS]

Answer 1

Concept: 1 Mark
Steps: 2 Marks
Answer: 1 Mark

Given that:
The selling price of the toy = Rs 200
There is a discount of 20%.
So, the total percentage of the selling price Rashi has to pay = 100 - 20 = 80%
So, the price at which the product was sold
$=\frac{80}{100}\times 200=Rs160$.

It is given that even after the discount the shopkeeper was making a profit of 60%.
So, the cost price of the toy
$=\frac{100}{160}\times 160=Rs100$

Hence, the actual price of the toy is Rs 100.