Hello Simran,
The question is quite tricky but can be solved just by applying basic concepts of Profit and Discounts.
So, first consider the marked price of article be x.
So, for first condition, 10% discount is given on x. So, total selling price of an article will be,
x - ( 10 % of x) = 0.9 x
Now, for second condition, 25% discount is given on the previous value. So, the total selling price of the article will be,
0.9 x - ( 25% of 0.9 x ) = 0.675 x
Now, the article is sold for the price of 0.675 x.
Given that the total profit is of 35%
Now, the total selling price is inclusive of profit.
So, Selling price = ( Cost Price + Profit) = Cost Price + ( 35 % of Cost Price)
So, Selling Price = y + 0.35 y, where y is the Cost price.
Which means, 0.675 x = 1.35y
So, y = 0.5 x
Now, we have to find that by what percent the article was marked above the cost price.
So, The article was marked by 0.5 times more than the Cost price.
Hence, in terms of percentage, 0.5 x 100 = 50%.
So, the article was marked by 50 % more above the Cost price.
Best wishes.
Question : An article is marked at 100% above its cost price. After allowing two successive discounts of 5% and 20% respectively on the marked price, it is sold at $x$% profit. What is the value of $x$?
Question : An article is sold for INR 54,120 after two successive discounts of 12 percent and 18 percent. What is the marked price of the article?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile