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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?
Most Upvoted Answer
The marked price of an article is RS. 500. The shopkeeper gives a disc...
Given information:
- Marked price of an article = Rs. 500
- Discount offered by the shopkeeper = 5%
- Profit made by the shopkeeper after giving the discount = 25%
Calculating the Selling Price
As the shopkeeper gives a discount of 5%, the selling price of the article will be:
Selling Price = Marked Price - Discount
Selling Price = 500 - (5/100)*500
Selling Price = 500 - 25
Selling Price = Rs. 475
Calculating the Cost Price
As we know that the shopkeeper made a profit of 25% after giving a discount of 5%, so we can use the formula:
Profit Percentage = (Profit/Cost Price) * 100
Profit = Selling Price - Cost Price
25 = ((475 - Cost Price)/Cost Price) * 100
25*Cost Price = 47500 - 100*Cost Price
125*Cost Price = 47500
Cost Price = 380
Answer
Therefore, the cost price of the article is Rs. 380.
Community Answer
The marked price of an article is RS. 500. The shopkeeper gives a disc...
After discount price
= 500-5/100*500=500-25= 475
Now in 475 he get 25% profit
x + 25/100x= 475
x+1/4x=475
5/4x=475
x=475*4/5=380 = cost price of article
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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?
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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? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about 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? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about 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? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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