A shopkeeper allows his customer 10%discount and still gains 8%. What is the actual cost of the sofa which he has marked at 6000

Answer 1

He sells it for $6000 minus 10% = $5,400

If his profit is 8%, we can get the cost by writing:

cost * 1.08 = $5,400

So cost = $5,400 / 1.08 = $5,000