Question

A shopkeeper allows a discount of 10% on cash purchases and makes a profit of 26% what is the marked price if his cost is Rs.200

Answer 1

CP of the shopkeeper = Rs. 200

Profit% = 26%

So, profit = 26/100 * 200 = Rs. 52

So, SP = Rs. 200 + Rs. 52 = Rs. 252

Now, the price at which he sells the article and makes a profit, is shown to the customers, to be the discounted price.

So, let the marked price be x

As the discount shown is of 10%,

So,  (x - 10x/100) = Rs.252

(x - x/10) = Rs.252

9x/10 = Rs. 252

9x = 252 * 10 = 2520

x = 2520/9 = Rs.280

Answer: Therefore, the marked price is of Rs.280

Hope it helps!

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