Question

A dealer bought a refrigerator for rs 11515. after allowing a discount of on 16% on its marked price , he gains 20%. FInd the marked price of the refigerator.

Answer 1

This is the solution

Answer 2

Solutions :-


Cost Price = Rs 11515
Discount on its marked price = 16%
Profit % = 20%


Selling price = C.P + Profit% of C.P
= 11515 + 20% of 11515
= 11515 + 0.2 × 11515
= 11515 + 2303
= 13818

So,
Selling price = Rs 13818

Now,
Find the marked price of refrigerator :-

M.P = (S.P × 100)/(100 - discount)
= (13818 × 100)/(100 - 16)
= 1381800/84
= 16450


Hence,
The marked price of refrigerator is Rs 16450