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?
Given,
M.P. = 500
Discount = 20%
Discount =
S.P. =
S.P. = 400
He gets the profit of 25%
C.P. = 320
So, he gets the article for Rs 320/-