Question

A shopkeeper buys an article for ₹450. He mark it at 20% above the cost price. Find:- (1)The Marked price of the article. (2)The Selling price if he sells the article at 10% discount. (3) The percentage discount given by him, if he sells the article for ₹496.80.

Answer 1

A shopkeeper buys an article for ₹450.

He mark it at 20% above the cost price.

so,

(i) marked price = 450 + 20% of 450

= 450+90 = ₹540

(ii) Selling price (if he sells at 10% discount) = 540-10%of 540

=540-54 = ₹486

(iii) Percentage discount = marked price - selling price = discount x 100 / marked price

= 540 - 496.80 = 43.2 x 100 / 540 = 8%

Hope this help!

Answer 2

Answer:

Marked price will be =C.P.+20 % of C.P.

=

100

120

×C.P.

=

100

120

×450

= Rs. 540

Discount % =

MarkedPrice

MarkedPrice−SellingPrice

×100

=

540

540−496.80

×100

=

540

43.2

×100

=8 %