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Question 68
A retailer gives 40% discount on a certain article, to his customer. In this transaction, he earns a profit of 25% on that article. If the article costs ₹4,320 to the retailer, what is its marked price (in ₹)?
Solution
If the article costs ₹4,320 to the retailer.
In this transaction, he earns a profit of 25% on that article.
selling price = 4,320 of (100+25)%
= 4,320 of 125%
= $$4,320 \times 1.25$$
= 5400
A retailer gives 40% discount on a certain article, to his customer.
(100-40)% of Marked price = 5400
60% of the Marked price = 5400
0.6 $$\times$$ Marked price = 5400
Marked price = 9000
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