Question

A shopkeeper marks his goods at such a price that after allowing 12.5% discount for cash payment he still gains 5% find the Marked price on articles which coast is 500

Answer 1

Answer:

MP = 600

Step-by-step explanation:

Let MP be x.

SP = MP - d% of MP

    = x - 12.5% * x

     = 87.5 x/100

CP = 100 * SP / (100 + Gain %)

or, 500 = (100 * 87.5 x / 100) / (100 + 5)

or, 500 = 87.5 x / 105

or, 87.5 x = 52500

or, x = 600