Question

The cost price of an article is Rs. $1600$, which is $20\%$ below the marked price. If the article is sold at a discount of $16\%$, then find the selling price.

Answer 1

$C.P$ of article $=Rs1600$ which is $20\%$ below marked price

Marked price $=1000-(1600\times \frac{20}{100})=Rs1280$

$S.P=$ ( at a discount of $16\%$)

$=M.P-(M.P\times \frac{16}{100})$

$=1280-(1280\times \frac{16}{100})$

$=Rs1075.2$