A trader marks his goods $20 %$ above the cost and allow discount of $10 %$ . Calculate the selling price of an article whose marked price is Rs. $500$ .

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Solution

C.P. M.P. S.P.
$100$ $120$ $(\frac{90}{100} \times 120)$
Hence, M.P. S.P. M.P. S.P.
$120 :$ $(\frac{90}{100} \times 120)$ $= 500 : x$
$∴ x = \frac{90}{100} \times 120 \times 500 \times \frac{1}{120} = R s . 450$

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A trader marks his goods 20% above the cost and allow discount of 10%. Calculate the selling price of an article whose marked price is Rs. 500.

C.P. M.P. S.P.100 120 (90100×120)Hence, M.P. S.P. M.P. S.P. 120: (90100×120) =500:x∴x=90100×120×500×1120=Rs.450

A trader marks his goods $20 %$ above the cost and allow discount of $10 %$ . Calculate the selling price of an article whose marked price is Rs. $500$ .

C.P. M.P. S.P.
$100$ $120$ $(\frac{90}{100} \times 120)$
Hence, M.P. S.P. M.P. S.P.
$120 :$ $(\frac{90}{100} \times 120)$ $= 500 : x$
$∴ x = \frac{90}{100} \times 120 \times 500 \times \frac{1}{120} = R s . 450$