Question 103

A shopkeeper buys an article for 360. He wants to make a gain of 25% on it after a discount of 10%. The marked price is

Solution

Cost Price of article = Rs 360

Profit Required = 25%

So selling Price = 1.25 x cost Price = 1.25 x 360 = Rs 450

Discount Provided on Marked price (M) = 10%

So ,

0.9 x Marked Price = Selling Price

0.9 x M = 450

M = Rs 500

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