Advertisements
Advertisements
Question
What price should a shopkeeper mark on an article that costs him Rs 600 to gain 20%, after allowing a discount of 10%
Advertisements
Solution
Given, the cost price of an article = Rs. 600
Also, the gain percentage = 20%
And discount allowed = 10%
We need to find out the marked price of the article.
⇒ Now, we know that gain = `("Gain"% xx "Cost price")/100`
∴ Gain = `(20 xx 600)/100` = Rs. 120
⇒ Now, we know that Selling Price = Gain + Cost Price
∴ SP = 120 + 600 = Rs. 720
Let marked price = Rs. x
Since, a discount of 10% is allowed.
⇒ x – 10% of x = Rs. 720
⇒ `x - ((10 xx x)/100) = 720`
⇒ `(100x - 10x)/100 = 720`
⇒ `(90x)/100 = 720`
⇒ `x = (100 xx 720)/90`
⇒ x = Rs. 800
Hence, the markets price on the article is Rs. 800
APPEARS IN
RELATED QUESTIONS
By selling a pair of earings at a discount of 25% on the marked price, a jeweller makes a profit of 16%. If the profit is Rs 48, what is the cost price? What is the marked price and the price at which the pair was eventually bought?
From a wholesaler, Santosh bought 400 eggs for Rs 1500 and spent Rs 300 on transport. 50 eggs fell down and broke. He sold the rest at Rs 5 each. Did he make a profit or a loss? How much?
Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?
Lalitabai sowed seeds worth Rs 13700 in her field. She had to spend Rs 5300 on fertilizers and spraying pesticides and Rs 7160 on labour. If, on selling her produce, she earned Rs 35400 what was her profit or her loss?
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price of 50 Kg grain ₹ 2000, selling price ₹ 43 per kg.
Harbhajan Singh bought 500 kg of rice for 22000 rupees and sold it all at the rate of Rs. 48 per kg. How much profit did he make?
A branded Air-Conditioner (AC) has a marked price of ₹ 38000. There is a condition given for the customer.
Selling Price is the same ₹ 38000 but with attractive gifts worth ₹ 3000
Fill up the appropriate boxes in the following table
| SI. No | C.P. in ₹ |
S.P. in ₹ |
Profit in ₹ |
Loss in ₹ |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
Lemons were bought at Rs 48 per dozen and sold at the rate of Rs 40 per 10. Find the gain or loss per cent.
A store is having a 25% discount sale. Sheela has a Rs 50 gift voucher and wants to use it to buy a board game marked for Rs 320. She is not sure how to calculate the concession she will get. The sales clerk has suggested two ways to calculate the amount payable.
- Method 1: Subtract Rs 50 from the price and take 25% off the resulting price.
- Method 2: Take 25% off the original price and then subtract Rs 50.
For each method, calculate the amount Sheela would have to pay. Show your work.
