Question

A shopkeeper bought a TV at rupees 35000 he allows a discount of 12% on its marked price and still gains 10% find the Marked price

Answer 1

Answer:

Rs 43750

Step-by-step explanation:

shopkeeper bought a TV at rupees 35000

Cost Price = Rs 35000

Let say Marked Price = Rs M

Discount given = 12 %

12% Discount = (12/100) M = Rs 0.12M

Selling Price = Marked Price - Discount

=>Selling Price = M - 0.12M

=>Selling Price = 0.88M    - Eq1

Gain on cost price = 10%

10% Gain = (10/100) * 35000 = Rs 3500

Selling Price = Cost Price + gain

=>Selling Price = 35000 + 3500 = Rs 38500   - Eq2

0.88M = 38500

M = 38500/0.88

M = Rs 43750