Question

The list price of an article is Rs800 and a delear is selling it a discount of 20%.Find
(i) the selling price of the article.
(ii) the cost price of the article if he makes 25% profit on selling it.

Answer 1

Step-by-step explanation:

We have,

List price = 800.

Discount = 20%.

(i) Selling price of the article:

SP = list price * (100 - discount)/100

     = 800 * (80/100)

     = 640.

(ii) Cost price of the article:

CP = SP * (100/100 + profit%)

     = 640 * (100/125)

     = 512.

Hope it helps!

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%