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A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article?
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A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had b...
Understanding the Problem
To find the list price of an article, we first need to understand the relationship between the cost price, discount, and list price.
Given Information
- Cost price of 50 articles = Rs 493
- Discount = 15%
Calculating the Cost Price of One Article
- Cost price of one article = Total cost price / Number of articles
- Cost price of one article = Rs 493 / 50
- Cost price of one article = Rs 9.86 (approximately)
Understanding the Discount
- Let the list price of one article be represented as 'L'.
- The effective price after a 15% discount can be calculated as:
- Selling Price = List Price - Discount
- Selling Price = L - (15/100) * L
- Selling Price = L * (1 - 0.15)
- Selling Price = L * 0.85
Setting Up the Equation
- The selling price (after discount) is equal to the cost price of one article:
- L * 0.85 = Rs 9.86
Calculating the List Price
- Rearranging the equation:
- L = Rs 9.86 / 0.85
- L ≈ Rs 11.6 (approximately)
Conclusion
- The list price of one article is approximately Rs 11.6.
This detailed approach allows you to break down the problem, making it easier to understand the relationship between cost price, list price, and discounts.
To find the list price of an article, we first need to understand the relationship between the cost price, discount, and list price.
Given Information
- Cost price of 50 articles = Rs 493
- Discount = 15%
Calculating the Cost Price of One Article
- Cost price of one article = Total cost price / Number of articles
- Cost price of one article = Rs 493 / 50
- Cost price of one article = Rs 9.86 (approximately)
Understanding the Discount
- Let the list price of one article be represented as 'L'.
- The effective price after a 15% discount can be calculated as:
- Selling Price = List Price - Discount
- Selling Price = L - (15/100) * L
- Selling Price = L * (1 - 0.15)
- Selling Price = L * 0.85
Setting Up the Equation
- The selling price (after discount) is equal to the cost price of one article:
- L * 0.85 = Rs 9.86
Calculating the List Price
- Rearranging the equation:
- L = Rs 9.86 / 0.85
- L ≈ Rs 11.6 (approximately)
Conclusion
- The list price of one article is approximately Rs 11.6.
This detailed approach allows you to break down the problem, making it easier to understand the relationship between cost price, list price, and discounts.
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A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article?
Question Description
A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article?.
A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper paid Rs 493 for a parcel of 50 articles on which he had been a discount of 15%. find the list price of an article?.
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