A trader marks his goods in such a way that after allowing a discount of 10% he
still gains 12.5% If an article costs him 1440, what is its marked price?
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Answer:
Marked Price = Rs. 1800
Step-by-step explanation:
Let the MP (marked price) be y
MP-Discount or D = SP(selling price)
Therefore, y - ( 10/100 * y ) = SP
=> y - y/10 = SP
=> 9y/10 = SP
SP-CP(cost price) = P(profit)
Therefore, 9y/10 - 1440 = 12.5/100 * 1440
=> 9y/10 - 1440 = 125/1000 * 1440
=> 9y/10 - 1440 = (125 * 144)/100
=> 9y/10 - 1440 = 18000/100
=> 9y = 180 + 1440
=> y = 1800
Therefore, MP of the article is Rs. 1800
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