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.
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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%
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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 %
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