Knowee
Questions
Features
Study Tools

An article is marked up by Rs. X and the cost price of the article is Rs. 28000. If discount of Rs. is given and he gets a profit of 12.5%, then find X/2.

Question

An article is marked up by Rs. X and the cost price of the article is Rs. 28000. If discount of Rs. is given and he gets a profit of 12.5%, then find X/2.

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Sure, let's solve the problem step by step.

Step 1: Let's assume the markup amount is Rs. X.

Step 2: The cost price of the article is given as Rs. 28000.

Step 3: A discount of Rs. is given. We need the value of the discount to proceed with the calculation.

Step 4: After applying the discount, the selling price of the article can be calculated using the formula:

Selling Price = Cost Price - Discount

Step 5: We are given that the selling price results in a profit of 12.5%. To calculate the selling price, we can use the formula:

Selling Price = Cost Price + Profit

Step 6: Now, we can equate the two formulas for the selling price:

Cost Price - Discount = Cost Price + Profit

Step 7: Simplifying the equation, we get:

-Discount = Profit

Step 8: We know that profit is calculated as a percentage of the cost price. In this case, the profit is 12.5% of the cost price. So, we can write:

Profit = 12.5% of Cost Price

Step 9: Converting the percentage to a decimal, we have:

Profit = 0.125 * Cost Price

Step 10: Substituting the given cost price of Rs. 28000, we can calculate the profit:

Profit = 0.125 * 28000

Step 11: Calculating the profit, we find:

Profit = Rs. 3500

Step 12: Now, we can substitute the value of the profit into the equation from Step 7:

-Discount = Rs. 3500

Step 13: Solving for the discount, we find:

Discount = -Rs. 3500

Step 14: Since the discount is given as a negative value, it means that the article is marked up by Rs. X.

Step 15: We need to find X/2. Since X is the markup amount, we can calculate X/2 as:

X/2 = (Markup Amount)/2

Step 16: Substituting the value of the markup amount, we have:

X/2 = (Rs. X)/2

Therefore, X/2 is equal to Rs. X/2.

Please note that the value of X is not provided in the given information, so we cannot calculate the exact value of X/2.

This problem has been solved

Solution 2

Sure, let's solve the problem step by step.

Step 1: Let's assume the markup amount is Rs. X.

Step 2: The cost price of the article is given as Rs. 28000.

Step 3: A discount of Rs. is given. We need the value of the discount to proceed with the calculation.

Step 4: After applying the discount, the selling price of the article can be calculated using the formula:

Selling Price = Cost Price - Discount

Step 5: We are given that the selling price results in a profit of 12.5%. To calculate the selling price, we can use the formula:

Selling Price = Cost Price + Profit

Step 6: Now, we can equate the two formulas for the selling price:

Cost Price - Discount = Cost Price + Profit

Step 7: Simplifying the equation, we get:

-Discount = Profit

Step 8: We know that profit is calculated as a percentage of the cost price. In this case, the profit is 12.5% of the cost price. So, we can write:

Profit = 12.5% of Cost Price

Step 9: Converting the percentage to a decimal, we have:

Profit = 0.125 * Cost Price

Step 10: Substituting the given cost price of Rs. 28000, we can calculate the profit:

Profit = 0.125 * 28000

Step 11: Calculating the profit, we find:

Profit = Rs. 3500

Step 12: Now, we can substitute the value of the profit into the equation from Step 7:

-Discount = Rs. 3500

Step 13: Solving for the discount, we find:

Discount = -Rs. 3500

Step 14: Since the discount is given as a negative value, it means that the article is marked up by Rs. X.

Step 15: We need to find X/2. Since X is the markup amount, we can calculate X/2 as:

X/2 = (Markup Amount)/2

Step 16: Substituting the value of X, we have:

X/2 = (Rs. X)/2

Therefore, X/2 is equal to Rs. X/2.

Please note that we were unable to calculate the exact value of X or X/2 as the discount amount was not provided in the given information.

This problem has been solved

Similar Questions

Cost price of an article is Rs.100 and discount given on the article is Rs.4 more than the profit earned on it. If ratio of selling price to marked price of the article is 41 : 50 then find the discount offered

An article costs Rs.600.What should be the marked price of an article so that after 10% discount,the trader makes 20% profit?Rs.800Rs.950Rs.1100Rs.1040

A merchant marks his goods at Rs. 600 and allows a discount of 25%. If he still gains 11.11%, then the cost price of the article is:

A shopkeeper marked up the price of article P by 20% and give discount of d%, then he gets a loss of (d – 11) %. If cost price of article Q is Rs.200 and gets a profit of 1.5d%, then find the selling price of the article Q.Rs.335Rs.305Rs.300Rs.345Rs.330

A person sold an article for 30% profit, If he had Bought it for 10% less he would have reduced price by Rs.330 and earns a profit of 20%. What is the cost price of an Article?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.