Question 64

A shopkeeper marks the price of the article in such a way that after allowing 28% discount, he wants a gain of 12%. If the marked price is ₹224. then the cost price of the article is:

Solution

Marked price = 224

Discount = 28%

Selling price = 100 - 28% = 72% of the marked price

= 224 $$\times \frac{72}{100}$$ = 161.28

Profit = 20%

Cost price = $$\frac{161.28}{112} \times 100$$ = Rs.144

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