Question

when a discount of 15% is allowed on the marked price of an an article , it is sold for 2975 . (i) calculate the MP . given that the MP is 40% above the cost price ot the article, (ii) its cost price (iii) the profit in Rs made by the sale of the article

Answer 1

Answer:

Let marked price =Rs. x

⇒x−

100

15x

=2975

⇒x=

85

2975×100

=3500

⇒ Cost price x(1+

100

40

)=M.P

⇒ Cost price =

140

100

×3500=2500

⇒ Profit =Rs. 2975−2500=Rs. 475.

Answer 2

Answer:

i)2500

ii)475

Step-by-step explanation:

⇒x− 15x/100=2975

⇒x= 2975x100/85=3500

⇒ Cost price x(1+ 40/100)=marked price

⇒ Cost price = 100/140x3500=2500

⇒ Profit =Rs. 2975−2500=Rs. 475