Question

A shopkeeper allows 15% discount. On giving this discount he made a profit of 20% that is 1700. What is the marked price?

Answer 1

He got a a profit of 20% on Rs.1700

20÷100*1700= Rs.340.

He got a profit of Rs.340

1700-340 = Rs. 1360

On this he gave 15% discount

15÷100*1360=Rs.204

he got a loss of Rs.204

1360-204 = Rs.1156

His marked price is Rs.1156.

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