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Jasmine allows 4% discount on the marked...

Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt if its marked price is Rs 850?
जैस्मिन अपनी वस्तुओं के अंकित मूल्य पर 4% छूट देती है और फिर भी 20% लाभ अर्जित करती है। उस कमीज की लागत क्या है । जिसका अंकित मूल्य र 850 है?

A

Rs 700

B

Rs 680

C

Rs 650

D

Rs 720

Text Solution

AI Generated Solution

The correct Answer is:
To find the cost price of the shirt given the marked price and the discounts, we can follow these steps: ### Step 1: Calculate the Selling Price after Discount The marked price (MP) of the shirt is Rs 850. Jasmine allows a discount of 4%. To find the selling price (SP) after the discount, we can use the formula: \[ \text{SP} = \text{MP} - \text{Discount} \] The discount can be calculated as: \[ \text{Discount} = \frac{4}{100} \times \text{MP} = \frac{4}{100} \times 850 = 34 \] So, the selling price will be: \[ \text{SP} = 850 - 34 = 816 \] ### Step 2: Relate Selling Price to Cost Price We know that Jasmine earns a profit of 20%. This means: \[ \text{SP} = \text{CP} + \text{Profit} \] Where profit can be expressed in terms of cost price (CP): \[ \text{Profit} = \frac{20}{100} \times \text{CP} = \frac{1}{5} \times \text{CP} \] Thus, we can rewrite the selling price as: \[ \text{SP} = \text{CP} + \frac{1}{5} \times \text{CP} = \frac{6}{5} \times \text{CP} \] ### Step 3: Solve for Cost Price Now we can set the selling price equal to the expression we found: \[ 816 = \frac{6}{5} \times \text{CP} \] To find the cost price, we can rearrange this equation: \[ \text{CP} = \frac{5}{6} \times 816 \] Calculating this gives: \[ \text{CP} = \frac{5 \times 816}{6} = \frac{4080}{6} = 680 \] ### Final Answer The cost price of the shirt is Rs 680. ---

To find the cost price of the shirt given the marked price and the discounts, we can follow these steps: ### Step 1: Calculate the Selling Price after Discount The marked price (MP) of the shirt is Rs 850. Jasmine allows a discount of 4%. To find the selling price (SP) after the discount, we can use the formula: \[ \text{SP} = \text{MP} - \text{Discount} ...
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