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?
Answers
The cost price of article is Rs 380
Solution:
Given that, marked price of article is Rs.500
Discount = 5 %
Profit = 25 %
To find: cost price of article
Let us first find the selling price
Selling price = Marked price - 5 % discount on marked price
Selling price = 500 - 5 % discount on 500
Thus selling price is Rs 475
Finding cost price:
Thus cost price of article is Rs 380
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Answer:
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