Question

Problem 6.18 A shopkeeper allows a rebate of 25% to
the buyer. He sells only smuggled goods and as a bribe,
he pays 10% of the cost of the article. If his cost price is
*2500, then find what should be the marked price if he
desires to make a profit of 9.09%.
​

Answer 1

Answer:

4775

Step-by-step explanation:

his cost = 2500

his profit = 9.09%

hence 4775

Answer 2

Answer:

4000

Step-by-step explanation:

Let, MP = y

As we know that,

SP = MP - discount×MP

SP = y- 25/100y (Given Rebate=25%)

SP = 75y/100 _(i)

Total CP = 2500+10/100×2500 ( 10% extra cost on

article)

CP = 2500 + 250

CP = 2750.

SP = CP + Profit

SP = 2750 + 9/100×2750 ( 9.09% = 9% approx )

SP = 2750 +247.5

SP = 2997.5 _(ii)

From equations 1 and 2

75y/100 = 2997.5

y = 2997.5×100/75

y = 3996.33 (approx) [ Reason=9.09% = 9%]

y = 4000 answer.