Question

A shopkeeper buys an article for rupees 400 and marks it for sale at a price that may give him 80%profit on his cost. He however gives 15%discount on the marked price to his customer. Find marked price of article​

Answer 1

him 80% profits on his cost. He however gives 15% discount on the marked price to his customer.

Calculate:

i) the method price of the article.

ii) the discount in rupees given to the customer,

iii) the actual percentage profit made by the shopkeeper Mark price=400+

100

80×400

=400+320=720

(2) Discount %=15%

=15×

100

720

=108

sp=720−108=612

(3) Total profit=sp−cp=612−400=212

Profit =

400

212

×100=53℅

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