Question

The cost price of an article ₹500. The shopkeeper marks it at a certain price and then gives a discount of 20% on it. If after the discount, he still gets a profit of 10%, find the marked price.
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Answer 1

Answer:

Shopkeeper earns a profit of 10 %

Hence, SP = 500*110/100 = Rs. 550

Hence, Marked Price - 20 % of Marked Price = 550

           Hence, Marked Price = Rs. 687.5

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