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Profit Loss Discount and Value Added Tax | Profit Loss Discount and Value Added Tax Exercise 13.2

Question 8

A shopkeeper allows his customers 10% 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. 250?

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Given, 10% off on marked price

M.P. = 250 Discount = 10%

By using,

Discount = (MP × Discount %)/100

= (250×10)/100

= Rs 25

SP = MP - Discount

= (250 - 25) = Rs 225

And 25% profit he gets additionally,

So, by using the formula,

CP = 100 / (100 + Gain %) × SP

= 100 / (100 + 25) × 225

= 100/125 × 225

= 180

∴ Actual cost of the article is Rs 180

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Question 8

A shopkeeper allows his customers 10% 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. 250?

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given, 10% off on marked price

M.P. = 250 Discount = 10%

By using,

Discount = (MP × Discount %)/100

= (250×10)/100

= Rs 25

SP = MP - Discount

= (250 - 25) = Rs 225

And 25% profit he gets additionally,

So, by using the formula,

CP = 100 / (100 + Gain %) × SP

= 100 / (100 + 25) × 225

= 100/125 × 225

= 180

∴ Actual cost of the article is Rs 180

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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