Question
The selling price of an article is 75% of its marked
price, and the shopkeeper earns a profit of 25%. The difference between the marked price and the cost price of the article is Rs. 200. Find the cost price of the article.Solution
SP = 75% of MP SP = ¾ of MP SP/MP = ¾……(1) Profit % = 25% = ¼ CP/SP = 4/5…..(2) From both the above equations: SP : CP : MP 15 : 12 : 20 Difference b/w MP and CP = 8units = 200Rs. 1unit = 25Rs. CP = 25 x 12 = 300Rs.
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