Question

Naseem runs a readymade garments shop . He marks the garment at such a price that even after allowing a discount of 12.5, he makes a profit of 10% .Find marked price of suit which costs him rupees 1470

Answer 1

C.p of the suit= ₹1470
profit= 10%
Therefore s.p = ₹ 1470×(100 + 10)/100
= ₹ 1470 × 11 / 10
= ₹ 1617
Discount = 12.5 %
Therefore m.p should be = ₹ 1617 × 100/(100 - 12.5)
=₹ 1617 × 100/87.5
= ₹ 1848

Answer 2

The marked price of suit is Rs.1527.27

Step-by-step explanation:

Let the marked price be x

Discount = 12.5%

So, cost after discount = $x-12.5\%(x)=x-\frac{12.5}{100}x=0.875x$

Profit = 10%

Cost including profit = $0.875x+10\%(0.875x)=0.875x+\frac{10}{100}(0.875x)=0.9625x$

We are given that it costs 1470

So, $0.9625x=1470$

$x=\frac{1470}{0.9625}$

$x=1527.27$

Hence The marked price of suit is Rs.1527.27

#Learn more:

Abbas and Tony run a ready made garments shop. They mark the garments at such a price that even after allowing a discount of 12.5%, gain a profit of 25%.Find the marked price of a ladies suit which costs them Rs 2100.

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