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 1/3% on his outlay?
Answers
Answered by
8
Answer:
1000
Explanation:
given,cost price of an article=Rs.712.50,
if he makes profit of 33(1/3)%,
that means 100% -----> 712.50,
133.33% -----> X,
X=(133.33*712.50)/100=Rs.949.97.
=Rs.950 (approximately)
but the trader allows 5%discount,
that means,95%---->950
100%---->Y,
Y=(100*950)/95=1000.
Therefore,he should mark a price of 1000 rs in that article by giving 5%discount and at 33(1/3)% profit.
Answered by
1
Answer:
1000
Explanation:
Given:
cost price = rs. 712.50
profit=33 1/3%=100/3
profit in rs =712.50*100/3*1/100
=237.5
selling price =237.5+712.50
=950
To find marked price:
sp=mp*(100-5)/100
950=mp*95/100
mp=1000
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