Marked price and cost price
Relationships between marked price and cost price of an article if discount and profit both are given- 🧐
Cost price/ marked price
= (100- discount %)/(100+profit %)
Q1- A manufacturer marked an article at ₹50 and sold it allowing 20% discount. If his profit was 25% ,then the cost price of the article was -
Solution- Ratio of cost price and marked price of an article
Cost price/ marked price =( 100-20)/ (100+25)
= 16/25
25->50
1->2
16->32
Cost price of article is ₹32 .
Q2- The labelled price of a cupboard is ₹6500. The shopkeeper sold it by giving 5% discount on the labelled price and earned a profit of 15% . What approximately is the cost price of the cupboard?
Solution- cost price/ marked price =( 100-5)/(100+15)
= 19/23
23->6500
1->282.60
19->5369.56
Cost price of article is ₹ 5369.56
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