Marked Price: The price on the label of an article/product is called the marked price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price.
List Price: Electric goods, electronic and other things which are manufactured in a factory are marked according to the price list supplied by the factory, at which the retailer is supposed to sell them. This price is known as the list price.
Remark: Discount is given on the marked price only.
Illustration1: Namitha offers a discount of 20% on all the items at her shop and still makes a profit of 12%. What is the cost price of an article marked at Rs 280?
Solution: We have the Marked Price = Rs 280.
Also we have the Discount = 20% of Rs 280.
So the selling price = M.P. - Discount
= Rs (280 – 56)
= Rs 224.
Let the cost price = Rs x
Profit = 12% of Rs x
.
So selling price = cost price + profit
According to the Question
.
Hence the cost price = Rs 200
Illustration 2: A shopkeeper marks his goods at such a price that after allowing a discount of 12.5% for cash payment, he still makes a profit of 10%. ind the marked price of an article which costs him Rs 245.
Solution: We have,
C.P. of the article = Rs 245 and Gain = 10%
So, S.P. =
= Rs 269.50
Let the marked price be Rs 100. Then,
Discount allowed = 12.5% of M.P.
= Rs 12.5
So, S.P. of the article = M.P. - Discount
= Rs 100 - Rs 12.5
= Rs 87.5
Thus, When S.P. is Rs 87.5, M.P. = Rs 100
When S.P. is Re 1, M.P.
When S.P. is Rs 269.50, M.P.
= Rs 308
Hence, marked price of the article is Rs 308.
How much per cent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, he gains 20%? | |||
Right Option : A | |||
View Explanation |
Find the M.P. if S.P. = Rs 9450 and discount = %. | |||
Right Option : D | |||
View Explanation |
A dealer purchased a washing machine for $ 7660. He allows a discount of 12% on its marked price and still gains 10%. Find the marked price of the machine. | |||
Right Option : B | |||
View Explanation |
Being a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
It was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
It was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
My experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Abhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Abhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
My experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
A marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
About Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
I have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying