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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q11 of 70 Page 13

A shopkeeper marks his goods in such a way that after allowing a discount of 25% on the marked price, he still makes a profit of 50%. Find the ratio of the C.P. to the M.P.

Given,


Discount = 25%



= M.P. – S.P.


….(i)


And given profit = 50%




….(ii)


We know (i) = (ii)




Ratio C.P. to M.P. = 1:2


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A shopkeeper allows 20% off on the marked price of goods and still gets a profit of 25%. What is the actual cost to him of an article marked Rs. 500?

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A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?

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A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is the actual cost to him of a cycle whose marked price is Rs. 840?

13

A shopkeeper allows 23% commission in his advertised price and still makes a profit of 10%. If he gains Rs. 56 on one item, find his advertised price.

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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