How to find cost price in a problem concerning discount?

Question

A dealer is selling an article at a discount of 5% on the marked price. (1) What is the selling price, if the marked price is 140.

(2) What is the cost price, if the marked price is 12% above the cost price?

i've got the first answer using the formula: Net SP= (100-D%)/100 * MP

so, SP=95/100 * 140 = 133

But now how do i proceed with the second question?

Then try something. Hint: those blue-ish words? They're a link. Click on it. Read the page to which the link points. Stop being a help vampire.
@ Jack Maney i don't think i'd like to read a whole page on how to try to solve questions before asking them...and if something did occur to me, don't you think i would have tried it myself?
Admittedly, it is quite annoying that you are unwilling to read a 'whole page' before asking people you don't know to give up some (not much) of their time to help you.

Chris Dugale · Accepted Answer · 2012-08-25 06:52:54Z

up vote 0 down vote accepted

You can solve this problem in virtually the same way you solved the previous problem. We have that $MP=\frac{100+12}{100}CP$ So, $CP=?$

answered Aug 25 '12 at 6:52

Chris Dugale
1,232414

	but according to me, the second sub-question is a totally separate case, irrelevant to the first – Ghost Aug 25 '12 at 7:01
	Well, you're right: it is different, but the technique used in the 1st is still very relevant. You need not take into account the discount in the 2nd part, but you still need an expression for what a certain quantity is given that it is a multiple of a known one. i.e If x is 50 percent more than y, then x=1.5y, or $\frac{100+50}{100}$. – Chris Dugale Aug 25 '12 at 7:04

1 Answer