Question

What price should a shopkeeper mark on an article which costs him R. 18 to make a 25% profit ? Transport charges were R. 40 .

Answer 1

Let the SP of article be rs x

SP = (P%+100)/100×CP

SP = (25+100)/100×880

SP = 125/100×880

SP = Rs 1100

Shopkeeper allows a discount of 12%

It means that after allowing the discount of 12% on the price of the article the new price will become Rs 1100

Let the price be a

a - 12a/100 = 1100

88a/100=1100

a = 110000/88 = Rs1250