Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of 12.5%, they make a profit of 10%. Find the marked price of a suit which costs them Rs. 1470.
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Answer:
The marked price of the suit is Rs 1848
Step-by-step explanation:
Solution:
Given,
CP of suit = Rs 1470
Gain = 10%
By using the formula,
SP = (100 + gain%)/100 × CP
= (100 + 10)/100 × 1470
= 110/100 × 1470
= Rs 1617
Given, Discount = 12.5%
So, MP = (100 × SP) / (100 – Discount %)
= (100 × 1617) / (100 – 12.5)
= 161700/87.5
= Rs 1848
∴ The marked price of the suit is Rs 1848
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