- Let the M.P of the article be x.
- A discount of 30% was given on the M.P.
- So the selling price of the article (S.P) = M.P - Discount.
- Discount = 30% of x
- Now S.P. = M.P - Discount
- or, S.P.
- The shopkeeper loses Rs 400.
- Loss = C.P - S.P
- or, C.P = Loss + S.P.
- or, C.P =
- Now if he allows 10% discount then the gain is Rs 200.
- Gain = S.P - C.P
- or, S.P = Gain + C.P
- S.P =
- Discount = 10 % of x
- S.P. = M.P - Discount
- or,
- The M.P of the article is Rs 3000.
- C.P =
- The cost price is Rs 2500.
Answers:
Rs. 3000, Rs. 2500
Hope you could understand.
If you have any query, feel free to ask.