Math Problem Statement

A shopkeeper sold mobiles at Rs 13547 each after giving 8% discount on the Marked price had he not given the discount, he would have earned a profit of 24% on the cost price. what was the cost price of each mobile?

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Discount
Algebra

Formulas

Selling Price = Marked Price - Discount
Profit = Selling Price - Cost Price
Marked Price = Cost Price + (Profit Percentage * Cost Price)

Theorems

Percentage-based Profit and Loss
Discount Calculations

Suitable Grade Level

Grades 9-10