Practicing Success
David purchased an item and marked his price up by 10%. He sold the same item by giving a discount of 5% and he made a profit ₹12.87. What is the actual cost price of the item? |
₹220 ₹280 ₹286 ₹256 |
₹286 |
Let the cost price of the article = 100 Markup = 10% Then the marked price of the article = 110 Discount = 5% So the selling price = 95% of the marked price So the SP = 95% of 110 = 104.5 So the profit = 104.5 - 100 4.5 4.5x = 12.87 x = \(\frac{12.87}{4.5}\) = 2.86 100x = ₹286 |