Question

When an article is sold at a discount of 10 %, a profit of Rs 8 is earned. If the same
article is sold without allowing a discount, there will be a profit of Rs 20. Find the cost price of the article.​

Answer 1

Answer:

Market Price = MP

Cost Price = CP

P1 = (MP - 10%) - CP = Rs8

- CP = Rs8 - 0.90% MP

CP = 0.90 MP - Rs8

P2 = MP - CP = Rs20

- CP = Rs20 -MP

CP = MP - Rs20

0.90 MP - Rs8 = MP - Rs20

- 0.10% MP = - Rs12

0.10% MP = Rs 12

MP = Rs120p

CP = MP - Rs20 = Rs120 - Rs20 = Rs100.

The cost price of the item is Rs100.

Step-by-step explanation:

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