A shopkeeper sells a smuggled article at 25% of marked price. He has to pay 10% bribe as on cost price. If he gets 10% profit on the article cost 250. Find the marked price?
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Thanks for this interesting question and let me help you with this:
Cost of Article: Rs. 250
Price of Article without profit: Rs.250-25 = 225
Price of Article without bribe Rs. 225 -22.5 = 202.5
Marked Price of the product is 75% higher = 202.5 +151.8
Market Price is Rs.354.3
Cost of Article: Rs. 250
Price of Article without profit: Rs.250-25 = 225
Price of Article without bribe Rs. 225 -22.5 = 202.5
Marked Price of the product is 75% higher = 202.5 +151.8
Market Price is Rs.354.3
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