A dealer buys an article for ₹380 . at what price must he mark it so that after allowing a discount of 5% he still makes a profit of 25%
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A dealer buys an article for ₹380 . at what price must he mark it so that after allowing a discount of 5% he still makes a profit of 25%
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Step-by-step explanation:
Let's denote the marked price as
�
M. The profit percentage is calculated on the cost price (CP), which is ₹380.
Profit percentage
=
(
Profit
Cost Price
)
×
100
Profit percentage=(
Cost Price
Profit
)×100
In this case, the profit is 25%, so:
25
%
=
(
�
−
380
380
)
×
100
25%=(
380
M−380
)×100
You can solve this equation to find the marked price (
�
M