Question

A shopkeeper marks the price of an article Rs 550 and gives customer a discount of 10% in this way he gains Rs75 on the article how much percent will the Marked price be more than the cost price​

Answer 1

MARK PRICE = ₹550

DISCOUNT= 10%

SELLING PRICE= {(100 - DISCOUNT)MARK PRICE} ÷ 100

{(100-10)550}÷100

(90×550)÷100

49500÷100= 495 ( SELLING PRICE )

C.P. = 495-75 =₹ 420
DIFFERENCE=₹ 550 - 420= ₹130
THUS MARK PRICE IS MORE THAN COST PRICE BY ₹130