Question

A shopkeeper purchases a watch for 380 Rupees.At what list price should the shopkeeper sells the article so that even after giving a discount of 5% he gains a profit of 25%.

Answer with explaination ​

Answer 1

Answer:

500

Step-by-step explanation:

380÷5×4=475

475÷19×20

=500

Answer 2

Answer:

List price should be Rs. 500

Step-by-step explanation:

Cost price of the watch = Rs. 380

For 25% profit, its selling price be

= Rs. 380 + (380 * 25 / 100)

= Rs. (380 + 95)

= Rs. 475

Let the list price is Rs. P

At 5% discount, its selling price be

= Rs. P - (P * 5 / 100)

= Rs. (P - P/20)

= Rs. 19P/20

According to the question,

19P/20 = 475

or, P = 475 * 20 / 19

or, P = 500

Therefore the list price of the watch should be Rs. 500