A dealer purchased a washing machine for Rs.7660. After allowing a discount of 12% on its marked price, he gains 10% then the marked price
Answers
Answer:
The dealer has to mark the price of washing machine as ₹9575 so that after allowing a discount of 12% on its marked price, he still gains 10%.
Step-by-step explanation:
A dealer purchased a washing machine for Rs. 7660.
The Cost Price of washing machine is ₹7660
After allowing a discount of 12% on its marked price, he still gains 10%. What is the marked price of the washing machine?
He gas to gain 10% therefore his marked price of washing machine should be
10% of 7660 = 0.10 × 7660 = ₹766
After adding gain 10% the price must be
= ₹7660 + ₹766
= ₹8426
He marks the prices such a way that after 12% discount he still get 10% gain.
It means that he has to nark the price 12% over the price with 20% gain
Let the marked price be ₹100 so after 12% discount the price will be 100 - 12 = ₹88
When sale price is ₹88 than marked price is ₹100
When sale price is ₹8426 then marked price
100/88 × 8426
= 842600/88
= ₹9575
Thus the dealer has to mark the price of washing machine as ₹ 9575 so that after allowing a discount of 12% on its marked price, he still gains 10%.