Question

The list price of an article is rupees 800 and a dealer is selling it at 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

(I) price=800

  discount=20%

   sellin price=800*20/100=160       800-160=640

(II)cost price=800

   profit percentage=25%

   profit= 1000

Answer 2

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!