The cost price of an article is Rs.500. if it is sold at a profit of 20% what is its selling price
Answers
Answered by
1
Answer:
Please Mark me brainliest
Step-by-step explanation:
The cost price of article is Rs 380
Solution:
Given that, marked price of article is Rs.500
Discount = 5 %
Profit = 25 %
To find: cost price of article
Let us first find the selling price
Selling price = Marked price - 5 % discount on marked price
Selling price = 500 - 5 % discount on 500
Thus selling price is Rs 475
Finding cost price:
Thus cost price of article is Rs 380
Answered by
1
Answer:
600
Step-by-step explanation:
profit=500*20/100
profit=100
so selling price=cost price+ profit
selling price=600
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