Manoj sold an article for Rs. 15,000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price?
Explanation:
SP = 15,000, Discount = 10% => 15,000 × 10% = 1500
So Final Selling Price = 15,000 - 1500 = 13,500
Since there is a profit of 8%;
So If CP is 100 units; then S.P = 108 units ------> 13,500 Rs.
1 unit -----------> 13,500/108
100 units ------> 13,500/108 × 100 = 12,500 Rs.
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By: Deepak Dawra