A shopkeep marked up price of an article by x% above its cost price and offers a discount of (x-20)% on it, then the selling price becomes 24rs more than cost price, if the ratio of cost price and profit is 25:3 then find the value of x
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A shopkeep marked up price of an article by x% above its cost price and offers a discount of (x-20)% on it, then the selling price becomes 24rs more than cost price, if the ratio of cost price and profit is 25:3 then find the value of x
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Answer:
Marked Price is 6750 1st discount 10%
Hence SP = 90% of 6750= 6075
Now 20% discount. So new SP = 80% of 6075 ie 4860.
SP 4860 less profit 360 hence CP 4500
Marked Price = 6750 Cost Price= 4500
Difference% =2250÷4500 × 100 = 50% answer