a shopkeeper offers a discount of 12% on a marked price of an article and sells it for ₹1100 calculate the cost price if he gains 10% in the transaction
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Answer:
1000
Step-by-step explanation:
Given,
=> Gain = 10%
=> Selling price = ₹1100
So, We have to find cost price of an Article
Gain percentage = 10%
=> CP = SP*100/100+ percentage gain
(Putting values in formula)
=> 1100 * 100/100+10
CP => 1100 * 100/110
CP => 1000
CP = 1000
Therefore, cost price is 1000
Verified answer
Selling price = ₹1100
gain = 10%
Cost price = CP