If the cost price of an article is Rs. 300 and the percent markup is 20% . What is the marked price?

Answer

To find the marked price of an article when the cost price and the percent markup are given, we can follow these steps:

### Step 1: Identify the given values
- Cost Price (CP) = Rs. 300
- Percent Markup = 20%

### Step 2: Calculate the amount of markup
The markup can be calculated using the formula:
\[ \text{Markup} = \left(\frac{\text{Percent Markup}}{100}\right) \times \text{Cost Price} \]
Substituting the values:
\[ \text{Markup} = \left(\frac{20}{100}\right) \times 300 \]

### Step 3: Simplify the markup calculation
Calculating the markup:
\[ \text{Markup} = 0.2 \times 300 = 60 \]

### Step 4: Calculate the marked price
The marked price (MP) is calculated by adding the markup to the cost price:
\[ \text{Marked Price} = \text{Cost Price} + \text{Markup} \]
Substituting the values:
\[ \text{Marked Price} = 300 + 60 \]

### Step 5: Final calculation
Calculating the marked price:
\[ \text{Marked Price} = 360 \]

### Conclusion
Thus, the marked price of the article is Rs. 360.

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