Rashi went on shopping with her mother. There she saw a toy whose selling price was Rs. 200. The shopkeeper sells it at a discount of 20%. The shopkeeper still makes a profit of 60%. Find the cost price of the toy.
Rashi went on shopping with her mother. There she saw a toy whose selling price was Rs. 200. The shopkeeper sells it at a discount of 20%. The shopkeeper still makes a profit of 60%. Find the cost price of the toy.
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Rashi went on shopping with her mother. There she saw a toy whose selling price was Rs. 200. The shopkeeper sells it at a discount of 20%. The shopkeeper still makes a profit of 60%. Find the cost of the toy.
Given,
The selling price of the toy= Rs. 200
There is a discount of 20%.
So, the total percentage of the selling price Rashi has to pay:
= 100 - 20
= 80%
So, the price at which the product was sold:
= 80 ÷ 100 × 200
= Rs. 160
If is given that even after the discount the shopkeeper was making a profit of 60%.
So, the cost price of the toy:
= 100 ÷ 160 × 160
= Rs. 100
Hence, the actually price of the toy is Rs. 100.
Given,
The selling price of the toy= Rs. 200
There is a discount of 20%.
So, the total percentage of the selling price Rashi has to pay:
= 100 - 20
= 80%
So, the price at which the product was sold:
= 80 ÷ 100 × 200
= Rs. 160
If is given that even after the discount the shopkeeper was making a profit of 60%.
So, the cost price of the toy:
= 100 ÷ 160 × 160
= Rs. 100
Hence, the actually price of the toy is Rs. 100.