Shopkeeper marks his goods at Rs 2,000. Now after allowing a discount of 25%, he gains 50%. Find the cost price of the article.
Answers
Answer:
1500 Rs
Step-by-step explanation:
Original price 2,000
25% of 2,000= 1,500
50% of 2,000= 1,000
Question was how much the cost price which is 1,500
Answer:
The Cost price of the article will be Rs. 1000.
Step-by-step explanation:
Let the cost price of the article be x
Given, the selling price = Rs. 2000
He gives a discount of 25%
=> Discount = Discount%*SP
= (25/100)* 2000
= 500
SP after discount = SP - Discount
= 2000 - 500
= 1500
It is given that after discount, the shopkeeper gains 50%
=> Gain = Gain%*CP
= (50/100)* x
= x/2
We know that CP + Gain = SP
=> x + x/2 = 1500
=> 3x/2 = 1500
=> x = 1000
Therefore, the Cost price of the article will be Rs. 1000.