Question

The marked price of an article is Rs.500.The shopkeeper gives a discount of 5% and still makes a profit of 25%.Find the cost price of the article?

Answer 1

Answer:₹380

Step-by-step explanation:

M.P.=₹500

Discount%=5%

Therefore,Discount=5% of M.P.

=5/100×500=₹25

S.P.= M.P.-Discount=₹500-₹25=₹475

Profit%=25%

Therefore, C.P.=S.P.×100÷100+Profit%

=475×100÷100+25=47500÷125

=380