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Question 8
A product was marked for sale with a label price, which is at 20% discount on the printed price. At the time of sale, the shopkeeper gave an additional 10% discount on the label price. If a customer bought the product at ₹468, then what is the printed price of the product?
Solution
Let the printed price be 100%.
Discount = 20%
Label price = 100 - 20 = 80%
Additional discount = 10%
Selling price = 100 - 10 = 90% of label price = 80 $$\times \frac{90}{100}$$ = 72%
72% = 468
Printed price(100%) = $$\frac{650}{72} \times$$ 100 = 650
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