Class 8 Exam > Class 8 Questions > A shopkeeper allows is customers 10% of only ...
Start Learning for Free
A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250?
Most Upvoted Answer
A shopkeeper allows is customers 10% of only mark the price of goods a...
Understanding the Marked Price
To find the actual cost of an article marked at 250, we first need to understand the relationship between the marked price, the selling price, and the cost price.
Marked Price (MP)
- The marked price of the article is given as 250.
Discount Offered
- The shopkeeper offers a discount of 10% on the marked price.
- Discount = 10% of 250 = 0.10 × 250 = 25.
Selling Price (SP)
- Selling Price = Marked Price - Discount
- SP = 250 - 25 = 225.
Profit Percentage
- The profit percentage is given as 25%.
- This means the selling price is 125% of the cost price (CP).
Calculating the Cost Price
- Let the cost price be denoted as CP.
- According to the profit formula: SP = CP + Profit.
- Since profit = 25% of CP, we can express this as follows:
- SP = CP + (0.25 × CP) = 1.25 × CP.
Substituting for Selling Price
- We know the Selling Price (SP) is 225.
- So, 225 = 1.25 × CP.
Finding the Actual Cost Price
- To find CP, rearrange the equation:
- CP = 225 / 1.25
- CP = 180.
Conclusion
- The actual cost to the shopkeeper for the article marked at 250 is 180.
To find the actual cost of an article marked at 250, we first need to understand the relationship between the marked price, the selling price, and the cost price.
Marked Price (MP)
- The marked price of the article is given as 250.
Discount Offered
- The shopkeeper offers a discount of 10% on the marked price.
- Discount = 10% of 250 = 0.10 × 250 = 25.
Selling Price (SP)
- Selling Price = Marked Price - Discount
- SP = 250 - 25 = 225.
Profit Percentage
- The profit percentage is given as 25%.
- This means the selling price is 125% of the cost price (CP).
Calculating the Cost Price
- Let the cost price be denoted as CP.
- According to the profit formula: SP = CP + Profit.
- Since profit = 25% of CP, we can express this as follows:
- SP = CP + (0.25 × CP) = 1.25 × CP.
Substituting for Selling Price
- We know the Selling Price (SP) is 225.
- So, 225 = 1.25 × CP.
Finding the Actual Cost Price
- To find CP, rearrange the equation:
- CP = 225 / 1.25
- CP = 180.
Conclusion
- The actual cost to the shopkeeper for the article marked at 250 is 180.
Attention Class 8 Students!
To make sure you are not studying endlessly, EduRev has designed Class 8 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 8.
|
Explore Courses for Class 8 exam
|
|
Similar Class 8 Doubts
Top Courses for Class 8View all
A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250?
Question Description
A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? 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 A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250?.
A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? 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 A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250?.
Solutions for A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? in English & in Hindi are available as part of our courses for Class 8.
Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free.
Here you can find the meaning of A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? defined & explained in the simplest way possible. Besides giving the explanation of
A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250?, a detailed solution for A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? has been provided alongside types of A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? theory, EduRev gives you an
ample number of questions to practice A shopkeeper allows is customers 10% of only mark the price of goods and get the profit of 25% what is the actual cost to him of an article marked 250? tests, examples and also practice Class 8 tests.
|
|
Explore Courses for Class 8 exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup