Question

a dealer allows a discount of 20% to his customers and still gains 20% find the Marked price of an article which cost to the dealer Rs 1650

Answer 1

Answer:

Marked price of article is Rs 2475

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Step-by-step explanation:

Let Say Marked price of Article  = M Rs

Discount given on article at marked price = 20%

so Discount on Article  = (20/100)M = 0.2 M

Selling price of article = Marked price of Article - Discount on Article

Selling Price of article  = M - 0.2M = 0.8M    - Eq A

Cost Price of article given = 1650

Gain on article at cost price is given = 20%

Gain on article at cost price = (20/100) * 1650 = 330

Selling price of article = cost price of Article + Gain on article

Selling Price of article  = 1650 + 330 = 1980   - Eq B

Equating selling price from Eq A & B

0.8 M = 1980

M = 1980/0.8

M = 2475

so Marked price of article is Rs 2475