Question

The last price of an article is rupees 800 and a dealer is selling it at a discount of 20% find 1) the selling price of the article 2) the cost price of the article if he makes 25% profit on selling it

Answer 1

SP=800-20/100*800

=640

Answer 2

Discount of 10% on marked price=800 × 10% = 80

Selling price = 800 - 80 = 720

The dealer makes a profit of 20% means is selling the article at 120%.

120% = 720

1% = 6

Hence, 100%=600

Thus, the cost price of article= 600

If no discount allowed,

Selling price will become 800

Profit= SP - CP = 800 - 600 = 200

Profit percent=(200/600) × 100 = 33.33%

Therefore, the profit percent when no discount allowed = 33.33%