Question

a merchant bought an article after getting 35% discount on its MRP. merchant marks it Rs699 more than the price he had bought and gives a discount of 15% on it. If amount of profit earn by merchant is Rs432 , then find the initial marked price for merchant.

Answer 1

your answer is in the picture.

Answer 2

Let the initial marked price be equal to x

Cost price of the merchant after 35% discount = x- 35/100 x

= 65/100x

New marked price = 65/100 x + 699

Discount = 15%

Price after discount (selling price )

= 0.5525 x+ 594.15

Profit earned = 432

Profit = selling price - cost price

=> 432 = 0.5525x + 594.15 - 0.65x

=> 0.0975x = 162.15

=> x= 1663

The initial marked price = 1663.07 rupees