Question

The marked price of an article is ₹ 500. The shopkeeper gives a

discount of 5 % on article. Find the selling price of an article.​

Answer 1

M.P. = Rs. 500

Discount = 5%

Profit = M.P × Discount % / 100

= 500 × 5 / 100

= Rs.25

S.P = 500-25

=475

C.P = 100 × S.P / 100+ profit

= 100 × 475 /125

C.P = 380

Answer 2

★ Concept :-

• Marked price is the cost of the product. When it was launched to the market.

• If there is any discount on the product. It can be reduced from the marked price. And the final amount when it is reduced is called selling price.

• Selling price = The price when the product was sold.

★ We know that,

$\underline{\boxed{ {\purple{\sf Selling \: price = Marked \: price - Discount \% \times MP }}}}$

Solving , By applying the formulae :-

$\rightarrow \sf 500 - \dfrac{5}{100} \times 500$

By simplifying , We get :

$\rightarrow \sf 500 - \dfrac{5}{1\cancel{00}} \times 5\cancel{00}$

$\rightarrow \sf 500 - \dfrac{5}{1} \times 5$

$\rightarrow \sf 500 - 5 \times 5$

$\rightarrow \sf 500 - 25$

$\rightarrow \sf Rs. 475$

Hence, The selling price of the article is Rs. 475.