A shopkeeper, after giving a 20%
A shopkeeper, after giving a 20% discount on the marked price, still makes a 10% profit. Find the cost price of an article whose marked price is ₹880.
एक दुकानदार अंकित मूल्य पर 20% की छूट देने के बाद 10% का लाभ अर्जित करता है। ₹880 अंकित मूल्य वाली वस्तु का क्रय मूल्य ज्ञात कीजिए।
Detailed Solution & Logic
640
We are asked to find the cost price (CP) of an article with marked price (MP) ₹880, when a 20% discount is given but the shopkeeper still makes 10% profit.
Step 1: Find the selling price (SP)
Discount = 20% of MP, so SP = 80% of MP:
$ \text{SP} = 0.8 \times 880 = 704 $
Step 2: Use profit formula to find CP
Profit = 10%, so:
$ \text{SP} = \text{CP} \times 1.10 $
$ 704 = \text{CP} \times 1.10 $
$ \text{CP} = \frac{704}{1.10} = 640 $
Answer: ₹640
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