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 | |||
Find marked price if S.P = Rs 3430 and Discount = 4 % | |||
| Right Option : B | |||
| View Explanation | |||
Selling Price + _________ = Cost Price | |||
| Right Option : B | |||
| View Explanation | |||
Students / Parents Reviews [20]
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.
Om Umang
10thAbout 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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Prisha Gupta
8thAbhyas 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
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Yogansh Nyasi
7thIt 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
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.
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10thThe 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.
Aman Kumar Shrivastava
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 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
8thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
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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.
Upmanyu Sharma
7thIn 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
10thMy 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
7thMy experience with Abhyas academy is very nice or it can be said wonderful. I have been studying here from seven class. I have been completing my journey of three years. I am tinking that I should join Abhyas Academy in tenth class as I am seeing much improvement in Maths and English
Hridey Preet
9thI 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
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Barkha Arora
10thAbhyas 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
10thWe started with lot of hope that Abhyas will help in better understnding of complex topics of highers classes. we are not disappointed with the progress our child has made after attending Abhyas. Though need to mention that we expected a lot more. On a scale of 1-10, we would give may be 7.
