Question

A shopkeep marked up price of an article by x% above its cost price and offers a discount of (x-20)% on it, then the selling price becomes 24rs more than cost price, if the ratio of cost price and profit is 25:3 then find the value of x​

Answer 1

Answer:

Marked Price is 6750 1st discount 10%

Hence SP = 90% of 6750= 6075

Now 20% discount. So new SP = 80% of 6075 ie 4860.

SP 4860 less profit 360 hence CP 4500

Marked Price = 6750 Cost Price= 4500

Difference% =2250÷4500 × 100 = 50% answer