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What price can a book of marked price Rs 450 be sold after allowing the discount of 10 \%?

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What price can a book of marked price Rs 450 be sold after allowing the discount of 10 \%?

Example 4: 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. Answer: Let us use the formula method first: Discount = 10\%, Gain = 20\%, C.P.

How do you find the marked price when selling price and discount percentage?

Marked Price Formula (MP)

  1. Discount = Marked Price – Selling Price.
  2. And Discount Percentage = (Discount/Marked price) x 100.

Is always calculated on the marked price?

Discount is always calculated on the marked price. VAT is not a part of selling price. Although it is calculated on the SP but it is excluded from the SP while calculating profit or loss.

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What is the formula to find selling price?

Calculate Selling Price Per Unit Divide the total cost by the number of units bought to obtain the cost price. Use the selling price formula to find out the final price i.e.: SP = CP + Profit Margin.

How do you calculate marked price from cost?

CP = ( SP * 100 ) / ( 100 + percentage profit).

What is mark up price?

Markup shows how much more a company’s selling price is than the amount the item costs the company. In general, the higher the markup, the more revenue a company makes. Markup is the retail price for a product minus its cost, but the margin percentage is calculated differently.

How do you find the discount formula?

How do I calculate discount in percentages?

  1. Subtract the final price from the original price.
  2. Divide this number by the original price.
  3. Finally, multiply the result by 100.
  4. You’ve obtained a discount in percentages. How awesome!

How do you find a discount example?

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Multiply the original price by the decimal Take the original price of the item and multiply it by the decimal determined in step one. Example: Winter boots originally sold for $147. Multiply $147 by 0.25 to find the amount of the discount. $145 x 0.25 = $36.75, so the boots are discounted by $36.75.

What is SP and CP?

Answer– CP and SP are abbreviations for Cost Price and Selling Price. Cost price is the amount we pay to buy an item at which it is available. Similarly, Selling Price is the rate at which an article is sold which we abbreviate as SP.