11. What price should a trader mark on an article that costs him 918 to gain 20%
after allowing a discount of 15% ?
Answers
Step-by-step explanation:
What price should a trader mark on an article that had cost him ₹918 to get a 20% profit after allowing a 15% discount?
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Start with basic rule of profit;
Profit = Sales Price - Cost Price______Equation 1
% profit = Profit/Cost Price * 100_____ Equation 2
Lets assume P = profit, S= sales Price and C= Cost Price
Using equation 2
% Profit = P/C *100
20 = P/C *100
0.2 = P/C
P = 0.2 * C
Using this value in equation 1
0.2 C = S-C
1.2 C = S
so S = 1.2 * 980 = 1176______Equation 3
Lets assume M is the marked value of the article.
as per the question the seller gives 15% discount on the marked value
so S = 0.85 * M
Using it in equation 3
1176 = 0.85 * M
so M = 1176/0.85 = 1383.52
Now cross check the answer details
M = 1383.52 S = 1176 and C
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What price should a shopkeeper mark on an article costing him rupees 250 to gain 20% after allowing a discount of 40%?
A trader marks his goods at 35% above the cost price. He sells 80% of the goods at the marked price and the rest, he sells by allowing 35% discount on the marked prices. What is his profit percent?
Short answer
(918×1.2)/.85
Long ans.
Profit required on Rs. 918=918×.2=183.60
Amount to be recovered=85% of marked SP=918+183.6=1101.60
Marked price=1101.60×100/85=1296
Hope it is clear.
Publish your book and get 15% discount on all packages.
CP = Rs. 918
G% = 20%
SP = 100+G%/100×CP
SP = 100+20/100×918
SP = RS. 1101.6
NOW,
LET THE MP BE 'RS. X'
SP = RS. 1101.6
D% = 20%
D = 20% of x
D = x/5
SP = MP - D
1101.6 = x - x/5
1101.6 = 4x/5
1101.6 × 5 = 4x
5508 = 4x
5508 / 4 = x
x = rs. 1377
mp=rs. 1377
Answer:
₹1296
Step-by-step explanation:
S.P. = 120% Of C.P.
= 120/100 × 918
= 120 × 9.18
= 1101.6
Seliing Price = 85% of Marked Price
1101.6 = 85/100 × MP
1101.6 × 100/85 = MP
110160/85 = MP
₹1296 = MP