Kevin bought a toy for ₹250 and marked it at a price to ensure 12% profit even after offering a discount of 20%. What price did she mark it at?
Answers
Answered by
21
Given that,
Kevin bought a toy for ₹250 and marked it at a price to ensure 12% profit even after offering a discount of 20%.
So, we have
Cost Price of a toy = ₹ 250
Profit % = 12 %
We know,
So, on substituting the values, we get
Now, We have
Selling Price of a toy = ₹ 280
Discount % = 20%
We know that,
So, on substituting the values, we get
Hence,
Kevin should mark his toy at ₹ 350 to ensure 12% profit even after offering a discount of 20%.
Additional Information :-
Similar questions