A dealer of scientific instruments allows 20% discount on the 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.
Answers
Answer:
rs. 3000
Explanation:
first understand that 150 is that 25% profit, 25% of selling (discounted) price. so selling price is 150÷25% = 600rs.
now selling price is 600, which is the instrument cost 600 AFTER 20% discount.
which means 600 is 20 pieces of that amount so divide 600 with 20 = 30.
now 30 ×100 = 3000rs.
(basically 600÷0.20=3000)
now let's reverse check everything.
selling price is 3000, 3000 - 20% = 2400 which means that 20% is 600rs. now 2400 include a total gain of 150rs which means cost price is 2400-150 = 2250.
and a profit of 150 on it means the instrument was finally sold at 2400, and the marked price (the price at which it was supposed to be sold without a discount; price tag) was rs. 3000.
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Given:-
A dealer of scientific instruments allows 20% discount on the marked price of the instruments and still makes a profit of 25%. If his gain over the sale an instrument is Rs. 150
To Find:-
Marked price of the instrument.
Solution:-
As we know that
→ Gain = Gain% of CP
So,
Thus, We have
Gain% = 25 and CP = Rs. 600
Now,
Thus, We have
SP = Rs. 750 and Discount % = 20
Hence, Marked price of the instrument is Rs. 937.50