solve the problem :- If selling price =Rs 1500, Discount is 25% then find the market price.
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Answer:
12.5%
Step-by-step explanation:
Marked price = Rs. 1500
Mark up percent = 25%
Discount percentage = 10%
Formula used:
Profit percentage = {(SP - CP)/CP} × 100
where,
CP = Cost price
SP = Selling price
Calculation:
Let the CP be 100x.
MP = 100x + 100x × 25%
⇒ 1500 = 125x
⇒ x = 12
CP = 100x = Rs. 1200
SP = 1500 - 1500 × 10%
⇒ SP = 1500 - 150
⇒ SP = Rs. 1350
Profit percentage = {(SP - CP)/CP} × 100
⇒ {(1350 - 1200)/1200} × 100
⇒ {(150)/1200} × 100
⇒
∴ The profit percentage is 12.5%.
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