Question
What should be the selling price of an article if a
storekeeper wants to make a profit of 25%. The article was marked up by 80% above the cost price and discount allowed by the storekeeper is half of the cost price and the storekeeper still made a profit of Rs. 90?Solution
Let cost price of article = 100x So, marked price of article = 100x × (180/100) = 180x Discount allowed by the storekeeper = 100x × (1/2) = 50x According to the question, => (180x – 50x) – 100x = 90 => 30x = 90 => x= 3 Cost price of an article = Rs.300 Required selling price = 300 × (125/100) = Rs.375
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