Question

Ram buys a table fan at 25% discount and sells it for 660 making a profit of 10%. what was the marked price of the fan

Answer 1

the marked price will be 800

Answer 2

Answer:

The market price of the fan is Rs. 800.

Step-by-step explanation:

Given: Ram buys a table fan at 25% discount and sells it for 660 making a profit of 10%.

To find : What was the marked price of the fan?

Solution :

Discount =25%

Selling price=  Rs.660

Profit =10%

Cost price = Selling price - 10% of cost price

Cost price = 660 - 10% of cost price

If he got 10% profit then selling price =100+10%=110%

Then,

$110\%=660\\1\%=\frac{660}{110}\\1\%=6$

Cost price =100%

Cost price= $100\times 6=600$

Now at the time of buying that ram got discount of 25%

So,

$M.P=\frac{C.P\times 100}{100-discount}$

$M.P=\frac{600\times 100}{100-25}$

$M.P=\frac{60000}{75}$

$M.P=800$

Therefore, The market price of the fan is Rs. 800.