A dealer of scientific instruments allows 20% discount on marked price of the instruments and still makes a profit of 25%. If his gain over the sale of an instrument is Rs.150, find the marked price of the instrument
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25% of the cost price = 150
Therefore, cost price = 150×4 = 600
selling price = 600 + 150 = 750
Marked price = (750 × 100 )÷80
= 937.50
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