Ram bought and article for rupees 14000 after getting and discount of 10% on it find its marked price
Answers
Given :
Ram bought and article for rupees 14000 after getting and discount of 10% on it
To Find :
market price of the article
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Let's learn basic concepts:
Cost price : Cost price is the price at which the customer buy the product from the market
Selling price (S.P): selling price is the price at which the seller sells the articles.
=>if selling price is more than the cost price then it would be profit /gain for the seller
=>similarly if cost price is more and selling price is less than a seller suffered a loss.
Come to the question:
Ram bought an articles with discount,here discount is given by the seller it means it sells the product below it's selling price so ,it's a loss.
Cost price of the article =₹14000
Discount =10% of ₹14000
Value of discount =14000×10/100=₹1400
So , actual market price of the product would be
=>₹14000+₹1400=₹15,400
Answer:
marked price is Rs15400