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

Answer 1

400

Answer 2

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?

Answer 3

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