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 of the article​

Answer 1

Answer:

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 = 475Sellingprice=500−

100

5

×500=500−25=475

Thus selling price is Rs 475

Finding cost price:

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

100+profit

100

×sp

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