Question

A retailer bought an article for Rs 2000. Find the marked price if after allowing a discount of 12%, he still makes a gain of 10%.

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Answer 1

Answer:

Step-by-step explanation:

i) Marked Price = Rs. 2,250

S.P. = (2250(100 – 12))/100= (2250 × 88)/100 = 45 × 44

= Rs. 1980

(ii) S.P. = Rs. 1980,  Profit = 10%

∴ C.P. of the article = (100/110) × 1980 = 100 × 18

= Rs. 1800