Question

Rashi went toy shopping with her mother and saw a toy whose marked price was ₹ 200. The shopkeeper was selling 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:
Marked price of the toy = ₹ 200
Discount = 20%.

Discount = Discount % of Marked Price

= $\frac{20}{100}\times 200$

= ₹ 40
Selling price = Marked Price - Discount
= ₹( 200- 40 )

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

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