Question

a dealer buys an article for Rs 375 at what price must he mark it so that after allowing discount of 10% he still makes a profit 20%

Answer 1

Let the marked price =X

Now, for a profit of 20% the SP=375*120/100=450

But this cant be the marked price as the wants to offer a discount of 10%

So, we can get the value of x from the following equation:

X- 10% of X=450

This implies 90/100 * X=450

On solving the above equation we get
X=500

Price must he marked 500rs.

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Answer 2

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