Question

the marked price of a cricket bat was rupees 5000. after allowing a discount of rupees 500, the dealer still made a profit of 25/2%. find the discount% and CP of the cricket bat

Answer 1

From question,

Discount%= (discount/marked price) x 100

= 500/5000 x 100

= 10%

Selling price= 4500

Profit%= 25/2%= 1/8

Let, cost price (CP)= X

So,

X+(1/8)X=4500

X= 4000

So, cost price= 4000

Hope you have understood.