Question

The shopkeeper got 17% profit by selling at 7% discount. what was the cost price of the pressure cooker ?​

Answer 1

price = 60

Explanation:

to fine the original cost of the pressure cooker, multiply the cost of the pressure cooker by 1.17 (17%). to find the original cost, we subtract the discount (7%) from this amount and get 0.94x, where x is the cost of the pressure cooker. when we divide this by 17%, we find that x=60.