Question

if the Marked price of an article is rupees 450 and markup percentage is 12.5%. what is the cost price?​

Answer 1

Answer:

Rs. 400

Step-by-step explanation:

A shopkeeper buys an article for ₹450.

He mark it at 20% above the cost price.

so,

(i) marked price = 450 + 20% of 450

= 450+90 = ₹540

(ii) Selling price (if he sells at 10% discount) = 540-10%of 540

=540-54 = ₹486

(iii) Percentage discount = marked price - selling price = discount x 100 / marked price

= 540 - 496.80 = 43.2 x 100 / 540 = 8%

Hope this help!