Question

A shopkeeper bought a sewing machine for ₹3750.
After allowing a discount of 10% on it's marked price, he gains 26%.Find the marked price of the sewing machine​

Answer 1

Answer:

Market Price ( MP ) = Rs 5250

Step-by-step explanation:

Given,

Cost Price ( CP ) = Rs 3750

Discount % = 10 %

Profit % = 26 %

We know that:

Selling Price ( SP ) = CP + Profit

                              = Rs 3750 + 26 % of Rs 3750

                              = Rs 3750 + Rs 975

                              = Rs 4725

Now,

   SP = MP - 10 % of MP

⇒ 4725 = 0.9 MP

⇒ MP = $\frac{4725}{0.9}$

          = Rs 5250

Therefore,

Market Price ( MP ) = Rs 5250