Question

a firm dealing in furniture allows 4% discount on the Marked price of each the item what price must be marked on dining table which cost rupees 4000 to assemble so as to make a profit of 20%

Answer 1

total sp inorder to obtain profit of of 20% on cp must be= 4000+20%=4800
markup price= 4800×100/100-4
=5000

Answer 2

Dear Student,

● Answer -

Marked Price = 5000 Rs

◆ Explanation -

# Given -

Cost price = 4000 Rs

Discount = 4 %

Profit = 20 %

# Solution -

Selling price to get 20 % profit is calculated by -

SP = CP × (100+profit)/100

SP = 4000 × (100+20)/100

SP = 40 × 120

SP = 4800 Rs

But he wants to give 4 % discount, so marked price will be -

MP = SP × 100/(100-discount)

MP = 4800 × 100/(100-4)

MP = 4800 × 100/96

MP = 5000 Rs

Hence, marked price of dining table should be Rs 5000.

Thanks dear....