A retailer allowed 12% discount and sold a T-shirt at a loss of Rs 16. If he had sold it at 10% discount he would have gained Rs
20. For what price did he purchase the T-shirt?
Help!!
1 answer:
Answer: Marked Prixe = Rs. 1800
Step-by-step explanation:
Let the marked price be M
1) A retailer allowed 12% discount and sold a T-shirt at a loss of Rs 16.
SP = 0.88M
CP - SP = 16
CP = 16 + SP
CP = 16 + 0.88M
2) If he had sold it at 10% discount he would have gained Rs 20.
SP = 0.9M
SP - CP = 20
0.9M = 20 + CP
CP = 0.9M - 20
16 + 0.88M = 0.9M - 20
0.9M - 0.88M = 20+16
0.02M = 36
36 = 0.02M
M = 1800
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