A dealer is selling an article at a discount of 15%. Find:
(i) the selling price if the marked price is ₹ 500;
(ii) the cost price if he makes 25% profit.
(i) Marked price = 500
Discount % = 15%
Discount % ![]()
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SP = 500 - 75
= 425
∴ Selling price is Rs.425
(ii) let the CP be x
Profit % ![]()
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![]()
Profit = SP – CP
0.25x = 425 – x
1.25x = 425
x = ![]()
x = 340
∴ Cost price is Rs.340.
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