SOLUTION: At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price, it may be sold at a profit of 25% on the cost price?

Question 389029: At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price, it may be sold at a profit of 25% on the cost price?

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi,         

Let x represent list price

Write as we Read

 x -.05x = $47.50 + .25*$47.50

   .95x = 1.25 * $47.50

      x = 1.25 * $47.50 /.95

      x = $62.50, marked list price 

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