The mark price of an article is Rs. 500 . The shopkeeper gave a discount of 5% and still makes profit of 25%. Find the cost price of the article?
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Answer:
380
Step-by-step explanation:
mp=500
sp=mp(1-discount/100)
=>500(1-25/100)
500(100-25/100) take lcm to make. denominator same
500*95/100
=475
sp=475
cp=sp*100/100+gain%
=>475*100/100+25
475*100/125
=380
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