Question

An article is marked at Rs.500. A trader allows a discount at 3 % and still               gains 20 %  on the cost. Find the cost price of the article.​

Answer 1

okay

well its easy

We have,

The marked price of an article =500rs

Discount =5%

Profit =25%

Let the cost price of an article =xrs

Then,

We know that,

Discountprice=Markedprice−

100

discount%

×Markedprice

=500−

100

5

×500

=500−25

=475

Now,

Discount=costprice+

costprice×100

profit

475=x+

100x

25

475=x+

4x

1

4

5

x=475

x=475×

5

4

x=380rs

Hence, this is the answer.

Answer 2

Step-by-step explanation:

Answer:

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