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Discussion :: Profit and Loss

  1. At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?
    2. A.
    Rs.62.50
    B.
    Rs.72.50
    C.
    Rs.75.00
    D.
    Rs.80.00

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    Answer : Option A

    Explanation :

    CP = 47.50

    SP = 47.50*(125/100) = 59.375

    MP*(95/100) = 59.375

    MP = 62.5

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