Question
The marked price of an article is Rs. 130 more than its
cost price. The article is sold at 50% discount such that the seller earns a profit of Rs. 25. Find the marked price of the article.Solution
Let the cost price of the article be Rs. ‘x’. Then, marked price of the article = Rs. ‘x + 130’ Selling price of the article = Rs. (x + 25) ATQ; 0.50 × (x + 130) = x + 25 Or, 0.50x + 65 – x = 25 Or, 0.50x = 40 So, x = 80 So, marked price of the article = 80 + 130 = Rs. 210
Account Receivable Turnover ratio is calculated by
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