A dealer buys a sofa set for Rs. 30000. At what price must he mark it so that after allowing a discount of 10 % , he still makes a profit of 5 %. Please solve this sum using formulas.
Answers
Answer:
Hint: In this question we are asked to give the discount on selling price still the vendor will be in profit. Carefully read the question and identify the percentage discount, profit and cost price of the sofa set.
Profit = Selling price – Cost Price
Step-by-step explanation:
Complete step-by-step solution:
Given in the problem,
Cost price of sofa set = Rs. 24000
Discount percentage = 20%
Profit percentage = 30%
Consider selling price on tag of the sofa set =Rs. x
After discount the price will become,
=0.8xRs.=0.8xRs.
Profit on sofa set,
=24000×0.3⇒7200Rs.=24000×0.3⇒7200Rs.
Profit = Selling price – Cost price
7200=0.8x−24000⇒0.8x=31200⇒x=39000Rs.7200=0.8x−24000⇒0.8x=31200⇒x=39000Rs.
So, the shopkeeper needs to mark the sofa set at Rs. 39000.
Mark Me as Brainliest
CP=380
SP=
100
125
×380
Let MP=x
According to the question
100
95
x=
100
125
×380
x=
100
95
×
100
125
×380=Rs.500