The marked price of a article is Rs. 4000. If the shopkeeper sold the article at 10% discount but still got a profit of 20%, find the cost price of the article.
The marked price of a article is Rs. 4000. If the shopkeeper sold the article at 10% discount but still got a profit of 20%, find the cost price of the article.
Correct answer: Rs. 3000
Explanation:
Let the cost price (CP) be \( x \)
The marked price (MP) is Rs. 4000.
The discount is 10%, so the selling price (SP) is 90% of MP:\(SP = 4000 \times (1 - 0.10) = 4000 \times 0.90 = 3600\)
The profit is 20%, so: \[ SP = CP \times (1 + 0.20) \]
Substituting SP: \[ 3600 = x \times 1.20 \] Solving for \( x \):
\[ x = \frac{3600}{1.20} = 3000 \]
Final Answer: \(\boxed{3000}\)
Correct answer: Rs. 3000
Explanation:
Let the cost price (CP) be \( x \)
The marked price (MP) is Rs. 4000.
The discount is 10%, so the selling price (SP) is 90% of MP:\(SP = 4000 \times (1 - 0.10) = 4000 \times 0.90 = 3600\)
The profit is 20%, so: \[ SP = CP \times (1 + 0.20) \]
Substituting SP: \[ 3600 = x \times 1.20 \] Solving for \( x \):
\[ x = \frac{3600}{1.20} = 3000 \]
Final Answer: \(\boxed{3000}\)
