A dealer purchased a washing for Rs. 7660. He allows a discount of 12°/• on its markdd price and still gains 10°/•. Find the marked price for the machine
Answers
Answer:
7260 is the correct answer
Step-by-step explanation:
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Step-by-step explanation:
A dealer purchased a washing machine for Rs. 7660. After allowing a discount of 12% on its marked price, he still gains 10%. What is the marked price of the washing machine?
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9 Answers
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Parul Singh
Answered 2 years ago
The Following formula can be used:
Cost Price + Profit = Selling Price
The Cost Price = Rs 7660, Profit/ Gain = 10% (Profit based upon cost). Hence,
7660 + 10% of 7660 = Selling Price
7660 + 766 = Selling Price
Selling Price = Rs 8426
Marked Price (MP) - Discount = Selling Price
MP - 12% of MP = 8426
(100MP - 12MP)/100 = 8426
88MP = 842600
MP = 842600 / 88
MP = Rs 9575
Hence The Marked Price of Washing Machine is Rs 9575