Question

After allowing a discount of 20 % on the marked price, a shopkeeper still makes a profit of 10 % on a bed. If the shopkeeper purchased the bed for Rs.12,000, what is the marked price of the bed ?

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Pls answer in explaination

Answer 1

Answer:

M.P = Rs. 500 Discount = 10%

∴ S.P. = Rs.500-10% of Rs.500=90% of Rs500=100

90 ×Rs.500=Rs.450

Profit = 20% C.P.=Rs.( 120450×100)=Rs.375