The marked price of an article is 25% above its cost price. When it is sold at a discount of 15%, there is a gain of Rs. 200. Find,
(i) the cost price of the article
(ii) the marked price of the article
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Answer:
man marks the price of his articles at 25% more than C..P
Let cost price (CP) of the article be = ₹100
25% of 100 = ₹25
Thus he marks it's price = ₹100 + ₹25 = ₹125
The man then allows 15 percent discount on the marked price
15% discount on ₹125
= 15/100 × 125
= 75/4
= ₹18.75
The discount is ₹18.75
The selling price of article = ₹125 –₹18.75
Selling Price of article = ₹106.25
Profit = Sale price - Cost price
Profit = ₹106.25 – ₹100 = ₹6.25
Profit % = Profit/Cost price × 100
Profit % = ₹6.25/₹100 × 100
Profit % = 6.25%
Answer: his percentage profit on the sale of articles is 6.25%
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