Question

an article is sold at a discount of 25% and still there is a gain of 20% on it. find the marked price of the article if it costs 525

Answer 1

Given:

Cost price of an article is ₹525.

Discount = 25%

Profit = 20%

To find:

The marked price of an article.

Solution:

1) The cost price of the article is ₹525 and profit is 20% which means that 20% of the cost price.

• 20% of ₹525

• ₹105

2) So the selling price of the article is cost price + profit.

• ₹ 525 + ₹105 = ₹630.

3) Let the marked price of the article is ₹x and discount is 25% which means that 25% of the marked price.

4) Marked price would be selling price + discount.

• x = 630 + 25% of x

• x - x/4 = 630

• 3x/4 = 630

• x = ₹840.

The marked price of the article is ₹840.