Question

A shopkeeper bought an article for 360. The profit
made by the shopkeeper after selling it after a
115%
% discount is 40. Find the marked price in 3)
of the article.​

Answer 1

Answer:

C.p.=360, profit = 40(given)

S.p.= 360+40= 400

Let marked price is x,

Discount =(100/9% of x)= x/9

Price after discount will be selling price of the article.

X-(x/9)=400

8x/9=400

X=450.

Answer 2

Answer:

The marked price of the article is Rs 690.

Step-by-step explanation:

Given cost price of an article, CP = Rs 360

Profit, P = 115%

Discount, D = 40%

Since the profit will be made on cost price and discount will be given on marked price(MP), the amount with profit $CP\times \frac{115}{100}$ and with discount $MP\times \frac{100-40}{100}$ must be equal.

Therefore, equating both and simplifying,

$CP\times \frac{115}{100}=MP\times \frac{100-40}{100}$

$\implies CP\times \frac{115}{100}=MP\times \frac{60}{100}$

$\implies CP\times{115}=MP\times 60$

$\implies MP =\frac{115\times CP}{60}$

$\implies MP =\frac{115\times 360}{60}$

$\implies MP ={115\times 6}=Rs~ 690$

Therefore, the marked price of the article is Rs 690.