Question

A tradesman sells his goods at 10% discount.if he gains 12.5% on his goods which costs him rs. 1200 then the marked price of goods is

Answer 1

cost price of goods = ₹1200

gain = 12.5%

selling price = 1200 + 12.5% of 1200

= 1200 + 150 = ₹1350

selling price = ₹1350

discount given = 10%

let the market price be ₹y

market price - discount = selling price

y - 10% of y = 1350

0.9y= 1350 => y = ₹1500

Answer: market price = ₹1500