Question

A dealer of electronic goods allows 12% discount and still makes a profit of 10%. If he gains Rs 120 on the sale of goods.
Find the Marked Price .

Answer 1

Hope you understand my handwriting.

Answer 2

Answer:

The Market Price is = ₹1,500

Step-by-step explanation:

The dealer of electronic goods allows 12% discount

For a Market Price of ₹100, the selling price is ₹(100 - 12) = ₹88

Still he makes a profit of 10%

For a cost price of ₹100, the selling price is ₹(100 + 10) = ₹110

In other words, When the selling price is ₹110, the cost price is ₹100

∴ When the selling price is ₹88, the cost price is ₹$88 . \frac{100}{110}$ = ₹80

And he gains ₹(88 - 80) = ₹8

Now He gains ₹8, when the Market Price is ₹100

∴ He gains ₹120, when the Market Price is ₹$120 . \frac{100}{8}$ =₹1,500