The bar graph given below shows the discount percentage given and profit/loss percentage earned by shopkeeper on 5 different articles (P , Q, R, S and T) . Note: negative sign shows the loss percentage.
Find the cost price of the article S, if marked price of the article is Rs.350?
Correct Answer :
Rs.200
Solution :
The correct option is Rs.200.
From the given bar graph, we can extract the values for article S:
- Discount Percentage (represented by the blue bar for article S) = 20%
- Profit Percentage (represented by the orange bar for article S) = 40%
We are given:
Marked Price (MP) of article S = Rs.350
Step 1: Calculate the Selling Price (SP) of article S
The discount is calculated on the marked price.
Substituting the values for article S:
Step 2: Calculate the Cost Price (CP) of article S
The profit percentage is 40%, which is earned on the Cost Price (CP).
Substituting the values:
Thus, the cost price of article S is Rs.200.
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