A shopkeeper allows a cash discount of 12.5% on a machine.a customer pays an amount of rs437.50on machine.at what price is the machine listed
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d%=12.5%, SP=437.50rs, LP=?
let LP=x
we know that ,
∵sp=cp(1-d%/100)
437.50=x(1-12.5/100)
437.50=x(1-(125/1000))
437.50=(875/1000)x
(43750/100)*(1000/875)=x
500=x
LP=500rs
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437.50=x(1-(125/1000 minus 1