Question

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%?

Answer 1

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

Answer 2

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.