Question 55

A furniture shopkeeper allows a discount of 16% on the marked price on the goods to his customers and still gains 20%. Whatis the marked price of a dining table, which costs the shopkeeper ₹11,900?

Solution

Cost price of dining table = Rs.11900

Profit = 20%

Selling price = 11900 $$\times \frac{120}{100}$$ = Rs.14280

Discount = 16%

Let the marked price 100%.

Selling price = 100 - 16 = 84%

84% = 14280

100% = $$ \frac{14280}{84} \times$$ 100 = 17000

Marked price of dining table = Rs.17000

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