Question

A dealer bought a tea set for rupees 2303,after selling it at a discount of 16% on its marked price ,he gains 20% find the marked price of the tea set

Answer 1

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Here is your answer.
CP = Rs 2303
Profit% = 20%
Profit = 20% of 2303
$= \frac{20}{100} \times 2303 \\ \\ = 460.60$
Hence SP = CP + PROFIT
= 2303 + 460.60
= 2763.60

Discount % = 16%

As we know the formula
MP = SP×100/(100 - Discount%)
$= \frac{2763.60 \times 100}{(100 - 16)} \\ \\ = \frac{276360}{84} \\ \\ = 3290$

Therefore Marked price of the tea set is Rs 3290.

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Answer 2

hi friends

Here is your answer

CP = RS 2303
PROFIT = 16%

PROFIT=
$= \frac{20}{100} \times 2303 \\ = 460.60$
SP = 2303 + 460.60
= 2763.60

Discount = 16%

MP = 2763.60 × 100/(100 - 16)
= 3290

So MP IS RS 3290

HOPE IT HELPS YOU

@ MSD