Question

The cost price of an article is 40% below the marked price. If the article is available at 20% discount and its cost price is Rs.6400. Find its

(a) Marked price

(b) Selling price

(c) Profit percent

Answer 1

Answer:

( a ) Market Price ( MP ) = Rs 8,960        ( b ) Selling Price ( SP ) = Rs 7,168

( c ) Profit percent  = 12 %

Step-by-step explanation:

Given,

Cost price of an article ( CP ) = Rs 6400

Discount % = 20 %

( a )

Market Price ( MP ) = CP + 40 % of CP

                                = Rs 6400 + $\frac{40}{100} *6400$

                                = Rs 6400 + 2560

                                = Rs 8,960  

( b )

Discount = 20 % of MP

               = $\frac{20}{100}*8960$

               = Rs 1792

Now,

Selling Price ( SP ) = Market Price - Discount

                              = Rs 8960 - Rs 1792

                              = Rs 7,168

( c )

Profit percent = $\frac{SP-CP}{CP} *100$

                       = $\frac{7168-6400}{6400}*100$

                       = 12 %