AsimMikidn
Answered

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Market price of an article is 30% above its purchase price.If the shopkeeper sold it by allowing 15% discount,then (i) Calculate the market price and profit amount if the shopkeeper paid 2500 for the article​.
solution by step:

Sagot :

The market price and profit amount if the shopkeeper paid 2500 for the article​ will be 3250 and 11.05%.

What exactly is profit?

Profit is made when the money generated from a commercial operation exceeds the expenses, charges, and taxes associated with operating the activity in question.

Given data;

Purchase price = 2500

Given condition;

The markup is 30% more than the purchasing price.

Mark Price is found as;

[tex]\rm MP = \frac{130}{100}\times 2500 \\\\ MP =130\times 25\\\\ MP=3250[/tex]

The marked price of an article will be 3250.

Since we are aware that discounts usually apply to mark prices, a 15 percent discount is now being offered;

[tex]\rm \frac{85}{100}\times 3250 = 2762.5 RS[/tex]

The profit in the article is found as;

Profit = 2762.5-2500

Profit = 226.25 RS

Now profit % is found as;

[tex]\% profit = \frac{276.25}{2500}\times 100 \\\\ \% profit = 11.05 \%[/tex];

Hence, the market price and profit amount, if the shopkeeper paid 2500 for the article,​ will be 3250 and 11.05%.

To learn more about the profit refer to the link;

https://brainly.com/question/15036999

#SPJ1

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