Finding Marked Price and List Price
Finding Marked Price and List Price
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.
Find the M.P. if S.P. = Rs 9450 and discount = | |||
| Right Option : D | |||
| View Explanation | |||
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? | |||
| Right Option : C | |||
| View Explanation | |||
Selling Price + _________ = Cost Price | |||
| Right Option : B | |||
| View Explanation | |||
Students / Parents Reviews [20]
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.
Shreya Shrivastava
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Barkha Arora
10thAbhyas 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.
Om Umang
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
Shreya Shrivastava
8thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
10thMy experience with Abhyas Academy has been very good. When I was not in Abhyas whenever teacher ask questions I could not speak it confidently but when I came in Abhyas, my speaking skills developed and now I am the first one to give the answer of teachers question.
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Manya
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Hridey Preet
9thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
Aman Kumar Shrivastava
10thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
Manish Kumar
10thWhen I have not joined Abhyas Academy, my skills of solving maths problems were not clear. But, after joining it, my skills have been developed and my concepts of science and SST are very well. I also came to know about other subjects such as vedic maths and reasoning.
Sharandeep Singh
7thAbhyas 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.
Manish Kumar
10thAbhyas is an institute of high repute. Yogansh has taken admission last year. It creates abilities in child to prepare for competitive exams. Students are motivated by living prizes on basis of performance in Abhyas exams. He is satisfied with institute.
Yogansh Nyasi
7thBeing 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.
Prisha Gupta
8thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thMy 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.
Hiya Gupta
8thThe experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
