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 1/3% on his outlay?​

Answer 1

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.

Answer 2

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