Question

A shopkeeper allows a discount of 20% on the marked price of an article, and sells it for Rs.896. (a) calculate the marked price of the article. (b) by selling the article at the discounted price if he still gains 12% on his cost price, what was the cost price? (c) what would have been his profit percentage, if he had sold the article at the marked price?

Answer 1

a) 896x120/100=1075.2
Market price of the article = Rs1075.2
b) 896x12/100=107.52
Cost price = Rs107.52
c) 896-107.52=788.48
1075.2-788.48=286.72
1075.2 —— 100%
286.72 —— x%
x= \frac{100*286.72}{1075.2} 
x=26.67%

The profit percentage = 26.67%

Answer 2

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25% = 50

100% =?

so,

actual cost of an article is= 50×100 / 25

= actual cost of ana article will be = 200₹

cost of artical to gain 20% = 200+50 = 250₹

Marked price is the price which we see on the tag so,

when the seller gave 20% discount on M.P after discounting it. 250 it should be 75%.

So,

→75% of M.P = 250

→ 3/4 +250

→3×62.4

→187.5