Question

a shopkeeper buys a dinner set for ₹ 650. he sells it at a discount of 20% and still makes a profit of 20%.find

1.) selling price
2.)marked price​

Answer 1

Selling Price of dinner set = ₹. 650/-

Selling Price after 20% discount = Original Selling Price of dinner set - 20% discount on Selling Price = 650 - (20/100)*650 = 650 - 130 = ₹. 520/-

Selling Price = Cost Price (1 + Profit %)

520 = Cost Price (1 + 20%)

520 = Cost Price (1 + (20/100))

520 = Cost Price (1 + (1/5)

520 = Cost Price (6/5)

Cost Price = 520*(5/6) = ₹. 433.33/-


Answer:

1) Selling Price = ₹. 520/-

2) Cost Price = ₹. 433.33/-