Question

after giving the discount if 20% on marked process, seller gains the profit of 4%. what is the marked price of article. if the cost price is rs. 500
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Answer 1

Answer:

Marked Price (MP) = Rs.650

Step-by-step explanation:

Let

Cost price of the article = CP = 500

Selling price of the article = SP

Marked price of the article = MP = ?

Profit = 4%

Discount = 20%

Profit = 4%

=> 100*[(SP - CP)/CP] = 4

=> (SP - CP)/CP = 0.04

=> (SP - 500)/500 = 0.04

=> SP - 500 = 20

=> SP = 520

Now, discount = 20%

SP = MP - 20% of MP

SP = 80% of MP

SP = 0.8*MP

=> 520 = 0.8*MP

=> MP = 520/0.8

=> MP = 650

Marked Price (MP) of article = Rs.650