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

Answer:

Rs.1500

Step-by-step explanation:

Gain = 10%

=> 10% of CP = 120

=> 10/100 x CP = 120

=> CP = Rs.1200

Selling Price (SP) = CP + Gain = Rs.(1200+120) = Rs.1320

Discount = 12%

=> (100-12)% of MP = SP

=> 88% of MP = 1320

=> 88/100 x MP = 1320

=> MP = Rs.1500

Answer 2

Answer:

$\beta \alpha rani$

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}88.

110

100

= ₹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}120.

8

100

=₹1,500