Question

A retailer bought a table after getting a discount of 20% on the labelled price. He sold the table to a customer for Rs. 6760 and earned a profit of 30% on his cost price. What was the initial labelled price of the table ?

Answer 1

Step-by-step explanation:

let x is the labelled price. 20% discount on label price is 0.8x;

Retailer sold that table for RS. 6760 and earn profit of 30%.

so that cost price is 0.8x and selling price is 1.3(0.8x) = 6760;

Now finding the value of x;

1.04x = 6760;

x = 6500 is the labelled price