A merchant marks his goods at Rs. 300 and allows a discount of 25%.
Posted on 21-03-2023
Ques - A merchant marks his goods at Rs. 300 and allows a discount of 25%. If he still gains 12.5%, then the cost price of article is :
(a) Rs. 220
(b) Rs. 200
(c) Rs. 240
(d) Rs. 260
Solution -
MP = 300
Allows a discount of 25%.
SP = 300 × (75/100)
SP = 225
If he still gains 12.5%.
Profit = 12.5%
So,
He is selling the goods for 112.5% of the CP.
Here,
112.5% = 225
1% = 225/112.5
100% = (225/112.5) × 100
100% = 200
Therefore,
The cost price of article is Rs. 200.
Hence,
The correct answer is option (b) Rs. 200.
Thank You