Question

if the cp of an article is 300 and the percentage of mark price is 20% then what is the marked price

Answer 1

As per question, CP is equal to ₹300.
CP+GAIN=MP/CP-LOSS=MP( EITHER cases)
So:
If its profit, then:
₹300+(20% of 300)
300+(20/100 × 300)
=300+ 60.
₹360
If its loss then:
300-(20% of 300)
=300- 60
=₹240
So if it's gain of 20 on marked price, then it's ₹360 & If it states the MP as a loss, then it's ₹240.
HOPE IT'S HELPFUL!

Answer 2

Answer:

The final answer is

1)360 ,If profit

2)240 ,If loss

Step-by-step explanation:

Given,

Cost Price = 300

Mark Percent = 20%

We need to find the marked price.

We know that marked price is the price of the product which is given on the retail. Marked price is generally greater than the cost price so that the seller may gain a profit on the product. Here we have an article which is sold for a price greater than the cost price.

However here we only have 20% marked percent, So it could be either a loss or a profit for the seller.

1) Marked Price = Cost Price + 20% of Cost Price

                          = 300 + 60

                          = 360, It is a profit

2) Marked Price = Cost Price - 20% of Cost Price

                           = 300 - 60

                           = 240

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