Ask Question
9 April, 00:10

A shopkeper declares a 20% discount on his goods and sells it at a profit of 25%. What is the cost price of the goods if the marked price quoted is Rs 2000

+3
Answers (1)
  1. 9 April, 00:34
    0
    A 20% discount means you pay 80% of the marked price.

    Why 80%? Well, 100% - 20% = 80%.

    The discounted price is 80% times $2000.

    Let D = discounted price

    D = 0.80 ($2000) = $1600

    What is profit?

    Profit = (discounted price - cost) / cost

    Let c = cost

    We are looking for c.

    ($1600 - c) / c = 0.25

    Multiply both sides by c.

    $1600 - c = 0.25c

    $1600 = 1.25·cosc

    c = $1600/1.25 = $1280

    Answer: $1280
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A shopkeper declares a 20% discount on his goods and sells it at a profit of 25%. What is the cost price of the goods if the marked price ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers