Answer:
rs 200
Step-by-step explanation:
Let cost price = x
At 30% profit; marked price of radio is 30% of x = (100% + 30%) = 130%x
Discount = rs 3%
Profit made = 30
Hence,
Marked price - discount = cost price + 30
130%x - 30 = x + 30
1.3x - 30 = x + 30
1.3x - x = 30 + 30
0.3x = 60
Divide both sides by 0.3
0.3x / 0.3 = 60/ 0.3
x =
1.3x / 1.3 = 60 / 1.3
x = 200
Hence, cost price = rs 200
