Question

A shopkeeper gives 25% discount to his customer but he sells only smuggled goods and as a bribe he pays 10% on the cost price. find what should be the MP if he desires to make a profit of 91/11% and the cost price of article is Rs.2500/- ?

Answer 1

Answer:

MP = Rs 3721.77

Step-by-step explanation:

CP of the article = 2500

After bribe = CP = 2500 * 110/100 = 2750 Rs

profit% = P/CP =91/11% of CP = 227.42 Rs

Hence, the new SP = 2750 + 227.42 =2977.42 Rs

If he wants to give 25% discount and still earns 91/11% Profit,

The MP = 2977.42 * 125/100 = Rs 3721.77

Answer 2

Answer:

MP = 4000 Rs.

Step-by-step explanation:

CP = 2500 Rs.

as a bribe he pays 10% on CP,

So new CP will be = 2500 * 110/100

= 2750 Rs.

Now CP = (100 - discount)

& MP = (100 + profit)

So, CP = (100 - 25) = 75

& MP = (100 + 9 1/11) = 1200/11

So, 75 = 2750

1 = 2750/7

1200/11 = 2750*1200/75*11

= 4000 Rs.