# profit and loss

mr.doshi instead of marking up the cost price by 10% discounted the cost price by 10% and prepared the price tag of a shirt. A discount of 5% is applicable to the list price. because of the mistake the company earned rs. 76 less per shirt. what is the cost price of the shirt

1. 👍 2
2. 👎 0
3. 👁 2,094
1. 400

1. 👍 2
2. 👎 0
2. Let CP be a
So loss=5%=19/20
So, 19/20 a= 76
a=80
Now,if 1%-----80
Then 5%-----?
Therefore 80*5=400
I am not sure I just used my logic
Is this method correct?

1. 👍 8
2. 👎 17

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