Ramesh marks his article at Rs. 6000 and afte | vedclass

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Question

(C) Given, Marked Price $(M.P)$ = $Rs. 6000$.
Discount = $20 \%$ of $M.P$.
Selling Price $(S.P)$ = $M.P 	imes (1 - 	ext{Discount } \%) = 6000 	im

Vedclass · Accepted Answer

$3000$

Vedclass · Answer

(C) Given, Marked Price $(M.P)$ = $Rs. 6000$.
Discount = $20 \%$ of $M.P$.
Selling Price $(S.P)$ = $M.P 	imes (1 - 	ext{Discount } \%) = 6000 	imes (1 - 0.20) = 6000 	imes 0.80 = Rs. 4800$.
Profit Percentage $(P \%)$ = $60 \%$.
We know that $S.P = C.P 	imes (1 + 	ext{Profit } \%)$.
Therefore, $C.P = \frac{S.P}{1 + 	ext{Profit } \%} = \frac{4800}{1 + 0.60} = \frac{4800}{1.60} = Rs. 3000$.
Thus, the cost price of the article is $Rs. 3000$.

Ramesh marks his article at $Rs. 6000$ and after allowing a discount of $20 \%$, he still earns $60 \%$ profit. What is the cost price (in $Rs.$) of the article?

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