a retailer wants to get a profit of 10% after giving a discount of 12.5% on an article. what should be the marked price of the article whose cost price is ₹1470?
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a retailer wants to get a profit of 10% after giving a discount of 12.5% on an article. what should be the marked price of the article whose cost price is ₹1470?
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Cost price =₹900
Profit = 10%
Hence price with profit = 900 * 110/100 = ₹990
Let ‘y’ be the marked price.
Now selling price after discount = y * 90/100 = 0.9y
Now we have, 0.9y = 990
Hence marked price y = 990/0.9 = ₹1100
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