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]
Concept: 1 Mark
Steps: 2 Marks
Answer: 1 Mark
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
It is given that even after the discount the shopkeeper was making a profit of 60%.
So, the cost price of the toy
Hence, the actual price of the toy is Rs 100.