A shopkeeper allows 25% discount on the M.P of sarees and still makes a profit of 20% If he gains Rs 225 over the sake of 1 saree find the marked price of saree.
Answers
Discount= 25%
Profit = 20%
Gain = ₹225
20%of C.P = ₹225
C.P = 22×100/20
S.P = C.P + Gain
= ₹1125+₹22
M.P = S.P ×100/100-Discount%
= ₹1350×100/100-25
= ₹1350×100/75
Marked Price of Saree = ₹1800
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Answer:
★Marked Prices of one saree is Rs1800★
Step-by-step explanation:
Given:
- Shopkeeper allows 25% on the Marked Price of sarees
- He still makes a profit of 20%
- He gains Rs 225 over sale of 1 saree
To Find: Marked price of saree
Solution: Let Marked Price of one saree be Rs 100
→Discount given on MP = 25%
→ Discount = Discount % / 100 x Marked Price
→Discount = 25/100 x 100 = Rs 25
Therefore,
Selling price of one saree = MP – Discount
→ (100–25) = Rs 75
★Profit = 20%
∴ Cost Price of one saree = S.P x C.P / 100 + Profit%
→ 75 x 100 / 100 + 20%
→ 7500 / 120
→ 62.50
We know that Profit = S.P – C.P = 75–62.50 = 12.50
If the gain is 12.50 then Marked Price is 100
If the gain is 1 then the Marked Price will be 100/12.50
If the gain is 225 then Marked Price will be 100/12.50 x 225
2250000/1250
Rs 1800
Hence, The MP of a saree is Rs 1800