A shopkeeper buys an article for ₹ 600 and marks 25% above the cost price. Find (i) the selling price if he sells the article at 10% discount; (ii) the percentage of discount if it is sold for ₹ 690.
(i) Given: CP = ₹ 600, MP = 125% of CP, Discount = 10%
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⇒ Discount = ₹ 75
SP = MP – Discount = 750 – 75 = ₹ 675
(ii) Given: CP = ₹ 600, MP = 125% of CP, SP =₹ 690
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Discount = MP – SP
⇒ Discount = ₹ 750 - ₹ 690= ₹60
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