Question

A dealer allows a discount of 16% to his customers and still gains 5%. Find the

marked price of a table which costs him ` 1200.

Answer 1

Find the cost price with the gain:

5% Gain = 0.05 x 1200 = Rs 60

Price with gain = 1200 + 60 = Rs 1260

Find the marked price:

100 - 16 = 84%

84% = Rs 1260

1% = 1260 ÷ 84 = Rs 15

100% = 15 x 100 = Rs 1500

Answer: The marked price is Rs 1500

Answer 2

cp=1200                   gain=5%                     sp= (1200*100+5) dived by 100=1260                   mp=1260*100 divide by 100-16=1500