Question

Sold goods to Gopal of the list price of rupees 60000 at 10% trade discount

Answer 1

Answer:

6000

Explanation:

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Answer 2

Therefore the Marked Price of the product before the discount allowed is Rs. 66,667/-

Given:

List Price of the product = LP = Rs. 60,000/-

Trade discount offered = 10 %

To Find:

The Marked Price of the product (CP).

Solution:

The given question can be answered as shown below.

Given that,

List Price of the product = LP = Rs. 60,000/-

Trade discount offered = 10 %

⇒ Marked Price × Discount = List Price

⇒ Marked Price = List Price / (1 - Discount)

⇒ Marked Price = 60,000 / (1-0.1)

⇒ Marked Price = 60,000/0.9 = 66,667

Therefore the Marked Price of the product before the discount allowed is Rs. 66,667/-

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