Mohit sold an article for $27000.

Mohit sold an article for $27000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?

Answer/Solution

22500

Steps/Work

Let the CP be $x.
Had he offered 10% discount, profit = 8%
Profit = 8/100 x and hence his SP = x + 8/100 x = $1.08x = 27000 - 10/100(27000) = 27000 - 2700 = $22500
=> 1.08x = 22500
=> x = 22500
B

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Mohit sold an article for $ . Had he offered a discount of % on the selling price, he would have earned a profit of %. What is the cost price of the article?

Calculated Answer

22500

Step by Step Solution

In order to solve problem, you must evaluate (n₀ - (n₀ * n₁) / 100) / (n₂ + 100) * 100.

n₀ =	27000
n₁ =	10
n₂ =	8

(n₀ - (n₀ * n₁) / 100) / (n₂ + 100) * 100
Evaluate n₀ * n₁ = 270000
(n₀ - 270000 / 100) / (n₂ + 100) * 100
Evaluate 270000 / 100 = 2700
(n₀ - 2700) / (n₂ + 100) * 100
Evaluate n₀ - 2700 = 24300
24300 / (n₂ + 100) * 100
Evaluate n₂ + 100 = 108
24300 / 108 * 100
Evaluate 24300 / 108 = 225
225 * 100
Evaluate 225 * 100 = 22500
22500
The answer to the problem and the result of (n₀ - (n₀ * n₁) / 100) / (n₂ + 100) * 100 is 22500

Quiz

Answer/Solution

Steps/Work

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Calculated Answer

Step by Step Solution