Tanya buys an electric iron for 712.80, which includes two successive discounts of 10% and 4%
respectively on the marked price and then 10% tax on the remaining price. Find the marked price
of the electric iron.
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Question
Tanya buys an electric iron for 712.80, which includes two successive discounts of 10% and 4%
respectively on the marked price and then 10% tax on the remaining price. Find the marked price
of the electric iron.
Given
- Electric iron for 712.80
- two accessive discounts of 10% and 4% on marked price
- Tax on remaining price is 10%
Find
The marked price of the electric iron.
Solution
Let the marked price be x.
two successive discounts of 10% and 4% on marked price.
Therefore the remaining price,
Therefore taxes of 10% on remaining price
Tanya buys iron for Rupees 712.80
Hence ,
After this we get,
x = 750
Therefore marked price of electronic iron is Rupees 750.
More
Formula to calculate cost price if selling price and profit percentage as given :
CP = (SP*100)/ ( 100 + percentage profit )
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