Question

A trader allows a discount of 5 to his customers . what price should he mark on an article the cost price of which is rs 712.50

Answer 1

1053 is the answer for this problem.

Answer 2

Correct question:

A trader allows a discount of 5% to his customers. what price should he mark on an article the cost price of which is Rs 712.50 so as to make a clear profit of $33\frac{1}{3}$% on his outlay?​

Answer:

The cost price of the article should be Rs. 1000

Step-by-step explanation:

The cost price of the article is given to be Rs 712.50

He wants to make a profit of $33\frac{1}{3}$%

That means,

100% ⇒ 712.50

133.33% ⇒ x

Therefore,

$x = \frac{712.50*133.33}{100}$

x = 949.97

x = Rs. 950

Since the trader allows a 5% discount to his customers,

95% ⇒ 950

100% ⇒ y

Therefore,

$y = \frac{950*100}{95}$

y = Rs. 1000

Therefore, he should mark Rs. 1000 as the cost price of the article in order to make a profit of $33\frac{1}{3}$%.

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