the cost price of an article is rupees 500 if it is sold at a profit of 20% what is the selling price
Answers
Answer:
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
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500 ÷ 20/100
500 × 100/20
2500
your answer is 2500
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