Question 109

Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt if its marked price is 850?

Solution

Marked price = 850

Discount % = 4%

=> Discounted amount = $$\frac{4}{850}$$ * 100 = 34

=> S.P. = 850-34 = 816

Profit % = 20%

Let C.P. = $$x$$

=> $$\frac{816-x}{x}$$ * 100 = 20

=> $$6x = 4080 => x = 680$$

C.P. = 680

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