Word problem* 6_A dealer by showing a discount of 10% on marked price Rs 1100 of a sofa set gains 10%. What is the cost price of sofa set ?
Problem 6: A dealer by showing a discount of 10% on marked price Rs 1100 of a sofa set gains 10%. What is the cost price of sofa set ?
Now profit is 10 % of CP
Also we are given marked price ( price displayed on items) i-e,
Now discount is given on marked price and we know discount is 10 % i-e
It means actual sale price is
Now use formula
Shifting ‘x’ terms to one side
So the Cost Price of the sofa is Rs 900/-
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