Question

electronics dealer offers a discount of 10% on the Marked price of Electronics He still makes a profit of 20% if his gain on the sale of 1 electronic item is 4500 find the Marked price of the article ??

Answer 1

Discount is always offered on marked price.Profit/Loss is always on cost price.If MP = 12000, Discount = 25% of MP=> Disc = 3000=> SP = 9000But, since there is net loss of 10%, SP represents 90% of CP.=> CP = 9000/90 x 100 = 10000If he wants gain of 440, SP should be 10440.Required discount = 12000–10440=1560=> 1560/12000 x 100 = 13%