Question

Cost price of a product was 360, after giving two successive discounts of 15% each, it was sold at 20% profit. Find the marked price of the product.

Answer 1

Answer:

597.92

Step-by-step explanation:

The cost price = 360 and profit% = 20%.

Profit% = (SP - CP) * 100 / CP

or CP * (100 + Profit%) / 100 = SP

SP = 360 * (100 + 20) / 100 = 360 * 1.2 = 432

There are 2 successive discounts of 15% each on the MP

Therefore MP * (85/100) * (85/100) = SP = 432

MP = 432/ (0.85 * 0.85) = 597.92