A shopkeeper allows rebate of 25% to buyer. He sells only smuggled goods ans as a bribe he pays 10% of the CP. If his CP=2500, then what should be the marked price if he desire to make profit of 9.09%?
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Answered by
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MP=(100+Profit %)/(100-Discount%)*Cost PriceActual cost Price=2500+ 10% of 2500=Rs 2750so M.P=100+9.09/100-25 *2750=109.09/75* 2750=3999.99(approx) =Rs.4000
Answered by
7
Answer:
4000
Step-by-step explanation:
2500+bribe of 10% of 2500
=2750
He wants a profit of 9.09 percent on this
2750 + 9.09% of 2750 = 2750 + 250 = 3000.
But this 3000 is got after a rebate of 25%.
Since we do not have the value of the marked price on which 25% rebate is to be calculated, it would be a good idea to work reverse through the percentage change graphic:
Going from the marked price to 3000 requires a 25% discount.
Hence, the reverse process will be got by increasing 3000 by 33.33% and getting 4000.
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