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Question 108
The cost price of a table is 3,200. A merchant wants to make 25 % profit by selling it. At the the time of sale he declares a discount of 20 % on the marked price. The marked price (in r) is
Solution
C.P. = 3200
Profit = $$\frac{25}{100}$$ * 3200 = 800
=> S.P. = 3200+800 = 4000
Let M.P. = $$x$$
Discount % = 20%
=> $$\frac{x-4000}{x}$$ * 100 = 20
=> $$4x$$ = 20,000
=> $$x$$ = 20,000/4 = 5,000
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