Finding M.P.

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Presentation transcript:

Finding M.P

Recap When S.P>C.P there is profit Profit = Selling price – Cost price Selling price = Cost price + Profit Cost price = Selling price – Profit When S.P<C.P there is Loss Loss = Cost price – Selling price Selling price = Cost price - Loss Cost price = Selling price + Loss

Recap Selling Price(SP) = Marked Price (MP) – Discount(D) If Marked Price and Discount is given Selling Price can be calculated as follows Selling Price(SP) = Marked Price (MP) – Discount(D) If Selling Price and Discount is given Marked Price can be calculated as follows Marked Price (MP) = Selling Price(SP) + Discount(D) If Marked Price and Selling Price is given Discount can be calculated as follows Discount(D) = Marked Price (MP) – Selling Price(SP)

Example1:- An almirah is sold at Rs 5,225 after allowing a discount of 5%. Find its marked price. Solution:- Given:- S.P = Rs 5225 , Discount%=5 To Find:- Marked Price M.P Discount% Discount amount S.P 5 95 100 (assumed) 5% (given) Let Assume Marked Price (M.P) = 100, then Discount(D) is Then, Selling Price = Marked Price – Discount = 100 – 5 = 95

M.P S.P When 100 95 ? 5225 100 x 5225 = M.P x 95 Ans: M.P. of the almirah is Rs 5,500.

Solution:- Given:- C.P = Rs 450 , discount% =10, profit% =20 Example2:- A shopkeeper allows a discount of 10% to his customers and still gains 20%.Find the marked price of an article which costs Rs 450 to the shopkeeper. Solution:- Given:- C.P = Rs 450 , discount% =10, profit% =20 To Find:- Marked price M.P Discount% Discount amount S.P 10 90 100 (assumed) 10% (given) Let Assume Marked Price (M.P) = 100, then Discount(D) is Then, Selling Price = Marked Price – Discount = 100 – 10 = 90

Selling Price(S.P). = Cost Price(C.P). + Profit(P) = 450 + 90 = Rs 540. M.P S.P When 100 90 ? 540 100 x 540 = M.P x 90 Ans: Marked Price= Rs 600.

Try these 1. A shopkeeper allows a discount of 15% to his customers and still gains 20%. Find the marked price of an article which costs Rs. 170 to the shopkeeper. 2. A dealer allows a discount of 10% and still gains 26 %. What is the cost price of the toy which is marked at Rs. 280?