What is the marked price or list price?

The price on the label of an article /product is called the marked price or list price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price.

What is the profit/loss of selling a TV at 20\% loss?

After selling a table worth Rs 12000 at 20\% loss, a trader buys a TV with the same money. Next he sold the TV at 20\% profit. What is his profit/loss in the whole transaction? 12000 – 2400 (20\% loss) = 9600. So 12000 – 11520 = 480 Rs loss. A Company of a certain item can sell all items that he can produce at the selling price of Rs50 each.

What will be the cost price if the selling price is 224?

If the selling price is Rs 112, cost price = Rs 100. If the selling price is Rs 224, cost price = Rs (100/224) × 112 which is = Rs 200. Hence the answer is C) Rs 200.

What is the difference between marked price and not offered discount?

When Discount is offered, M.P. > S.P. When Discount is not offered, M.P. < S.P. Sometimes marked price is used as a psychological tool for customers. For example, a set of headphones is being sold at Rs 999/-. One company has set the marked price at Rs 1000/- thus showing a little discount on the marked price.

What does marked price mean in profit and loss?

In the profit and loss section, the cost of a product is very crucial. If you have marked the cost of the product wrong, you may not see any profit at all. In the following section, we will see what we mean by marked price.

What is the profit of a shopkeeper on the marked price?

A shopkeeper allows 20\% off on the marked price of goods and still gets a profit of 25\%. What is the actual cost to him of an article marked Rs. 500? 10. A tradesman marks his goods at such a price that after allowing a discount of 15\%, he makes a profit of 20\%. What is the marked price of an article whose cost price is Rs. 170? 11.