Question
mr.doshi instead of marking up the cost price by 10% discounted the cost price by 10% and prepared the price tag of a shirt. A discount of 5% is applicable to the list price. because of the mistake the company earned rs. 76 less per shirt. what is the cost price of the shirt
Answers
Anonymous
400
Anonymous
Let CP be a
So loss=5%=19/20
So, 19/20 a= 76
a=80
Now,if 1%-----80
Then 5%-----?
Therefore 80*5=400
I am not sure I just used my logic
Is this method correct?
So loss=5%=19/20
So, 19/20 a= 76
a=80
Now,if 1%-----80
Then 5%-----?
Therefore 80*5=400
I am not sure I just used my logic
Is this method correct?
Rakesh
Let the price be 100x
So 1) if he marked up by 10% so
Mp= 110x
and 5% discount on it means
New Mp= 104.5x
2) but he gave discount 10%
So the price be 90x, 5% discount on 90x is 85.5x
So he sold an item 85.5x
Now the loss ie.
76 = (104.5x - 85.5x) / 100
X be
76*100/19 = 400
Answer= 400
So 1) if he marked up by 10% so
Mp= 110x
and 5% discount on it means
New Mp= 104.5x
2) but he gave discount 10%
So the price be 90x, 5% discount on 90x is 85.5x
So he sold an item 85.5x
Now the loss ie.
76 = (104.5x - 85.5x) / 100
X be
76*100/19 = 400
Answer= 400