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.
What is the formula of marked price? | |||
| Right Option : D | |||
| View Explanation | |||
A shopkeeper offers 20% discount and still makes profit of 25%. Calculate the cost of article which has a marked price of Rs 200. | |||
| Right Option : B | |||
| View Explanation | |||
Find the M.P. if S.P. = Rs 9450 and discount = | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [10]
My 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 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
10thIt 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.
Eshan Arora
8thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
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
8thA 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.
Archit Segal
7thAbout 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
8thIt 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.
Cheshta
10thI 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
Yatharthi Sharma
10thOne 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.
