Question

The marked price of an article is Rs.500.The shopkeeper gives a discount of 12%.Find the cost price of the article?

Answer 1

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

Selling price = 500 - \frac{5}{100} \times 500 = 500 - 25 = 475

Thus selling price is Rs 475

Finding cost price:

cost \: price= \frac{100}{100 + profit} \times sp

cost \: price = \frac{100}{100 + 25} \times 475\\\\cost \: price = \frac{100}{125} \times 475\\\\cost \: price = 380

Thus cost price of article is Rs 380

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Answer 2

Answer:

mark the upper one as Brainlist