Question

A manufactures marks his goods in such a way that after allowing 20% discount, he makes a profit of 18%. What is the marked price of an item which costs him 200?


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Answer 1

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Answer 2

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Let the cost price (CP) be Rs 100

Marked price = CP + 20% of Cost Price

Marked Price =(100+20)% of 100=100+20/100×100=120

Discount of 15% on marked price is given

Hence, selling price = Marked Price - 15% of Marked Price

Selling Price = 120−15/100×120 = 120−18= Rs 102

Profit =SP−CP=102−100=Rs 2

Now, Profit Percent =Profit/CP×100=2/100×100=2%

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