Question

The cost price of a bag is 1500. The shopkeeper marks it at a certain price and
then gives a discount of 20% on it. If after the discount he still makes a profit of
10 percent .find the marked price.​

Answer 1

Answer:

Step-by-step explanation:

Marked price or list price refers to the price mentioned on the label of a product or an article. It denotes the price at which a product or an article is to be sold.

In the above question the following details are given:

Discount = 20%

Profit = 10%

Cost Price = Rs. 1500

Marked Price = to be calculated

Marked price can be calculated in the following way

Marked Price. = [(100 + Profit%)/(100 – Discount%)] × Cost Price.

∴  The marked price of the bag is  = [(100 + 10%)/(100 – 20%)]×1500 = Rs. 2062.50 .

The marked price of the bag is Rs 2062.50.

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