Cost Price Calculation: Marked Price, Discount & Profit
This problem involves calculating the Cost Price (CP) by using the given Marked Price (MP), Discount (D), and Profit (P).
Step-by-Step Calculation
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Step 1: Determine the Selling Price (SP).
The Selling Price is the price after applying the discount to the Marked Price.
Formula: $ SP = MP - D $
Given values: $ MP = \text{Rs. } 720, D = \text{Rs. } 144 $
Calculation: $ SP = \text{Rs. } 720 - \text{Rs. } 144 = \text{Rs. } 576 $
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Step 2: Calculate the Cost Price (CP).
The Cost Price is found by subtracting the Profit from the Selling Price.
Formula: $ CP = SP - P $
Given values: $ SP = \text{Rs. } 576, P = \text{Rs. } 36 $
Calculation: $ CP = \text{Rs. } 576 - \text{Rs. } 36 = \text{Rs. } 540 $
Final Answer
The Cost Price of the article is Rs. 540.
Similar Questions
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Important Questions from Profit and Loss
Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?
A shopkeeper bought an item for Rs. 4,500 and sold it at a loss of 5%. From this money, he bought another item and sold it at a profit of 10%. What is his overall profit?
A man sells two articles at Rs. 9,180 each. He gains 8% on one article and loses 15% on the other. His overall profit or loss is:
A shopkeeper selling an article for ₹46 loses 8%. In order to gain 6%, what should be the selling price of the article?
Rahul purchased 80 items from the market. 25% items of the total items were defective and the remaining items were sold at 50% profit. What will be the overall profit percentage?
