on an article a dealer gives his customer a discount of 25% and still gains 20% if the article cost him Rs 4550 find its selling price and marked price
Please answer with proper steps
Answers
CP = ₹4550
gain = 20%
So Selling price = CP × (100+gain%)/100
=> SP = 4550 × 120/100
=> SP = 4550 × 6/5
=> SP = ₹5460
Now selling price is 25% less than marked price.
So SP is 75% of MP
MP = SP × 100/(100 - discount%)
=> MP =5460 × 100/75
=> MP = 5460 × 4/3
=> MP = ₹7280
Answer:
Selling Price = ₹5460
Marked price = ₹7280
Step-by-step explanation:
Given,
=> CP = ₹4550
=> Gain = 20%
First, we have to find its selling price.
Therefore,
→ Selling price = CP × (100+gain%)/100
=> SP = 4550 × 120/100
=> SP = 4550 × 6/5
=> SP = ₹5460
In question, it is given that, selling price is 25% less than marked price.
That's why, SP will be 75% of marked price.
So,
MP = SP × 100/(100 - discount%)
=> MP =5460 × 100/75
=> MP = 5460 × 4/3
=> MP = ₹7280
Selling Price = ₹5460
Marked price = ₹7280