A shopkeeper allows a discount of 10% on an Article and still makes a profit of 25%. What will be the Cost Price of an Article whose marked price is ₹900.
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A shopkeeper allows a discount of 10% on an article and still makes a profit of 25%.
Here, marked price given is ₹900.
Discount = 10%
Therefore, discount
= 10% of ₹900
= ₹90
Therefore, selling price
= ₹(900-90)
= ₹810
Here, profit percentage = 25%
Therefore, cost price
= ₹({100}/{100 + 25} X 810)
= ₹({100}{125} X 810)
= ₹648
Answer:
The cost price is ₹648.
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