Question

. A shopkeeper buys an article on discount of 20%
on MP. Shopkeeper marks it Rs 200 more than
CP and gives 10% discount on it. Profit gained
is Rs 148. Find initial M.P.

Answer 1

MP means Marked Price, the price that is marked on the product.

CP means Cost price, the price at which the product is purchased.

SP means Selling Price, the price at which the product is sold.

Let initial MP = 100

Discount = 20% = Rs 80 = CP for the shopkeeper

New MP by the shopkeeper = 280

Discount =10%

SP = Rs 252

Profit = 252 - 80 = 172

But actual profit = 148

172 corresponds to 148

1 corresponds to 148/172

100 corresponds to 148/172 * 100 = 86.04

So, the actual MP = Rs 86.04.