Question

8
A trader marks a jacket at such a price that after allowing a discount of 10% he
still makes a profit of 20%. If the cost price of the jacket is 1500, find (i) its
selling price and (ii) its marked price.​

Answer 1

Answer:

(i)SP=1800

(ii)MRP=2000

Step-by-step explanation:

Given

A trader marks a jacket at such a price that after allowing a discount of 10% he

still makes a profit of 20%. If the cost price of the jacket is 1500,

CP=1500

Discount=10%

Profit=20%

(i) its  selling price

SP=((100+gain)*CP)/100

SP=(120*1500)/100

SP=1800

(ii) its marked price.​

Discount will be given on MRP

(100-Discount)%*MRP=SP

(100-10)%*MRP=1800

90%*MRP=1800

MRP=2000