Question

the cost price of an article is rupees 500. the shopkeeper marks it at a certain price and then gives a discount of 20% on it. if after the discount, he still earns a profit of 10%, find the marked price. Please help me friends​

Answer 1

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

Answer 2

Marked price is Rs. 687.5.

Step-by-step explanation:

Since we have given that

Cost price = Rs. 500

Discount = 20%

Profit = 10%

So, we need to find the marked price.

So, it becomes,

$MP=CP\times \dfrac{100+Profit}{100-Discount}\\\\MP=500\times \dfrac{100+10}{100-20}\\\\MP=500\times \dfrac{110}{80}\\\\MP=Rs.\ 687.5$

Hence, Marked price is Rs. 687.5.

# learn more:

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.​

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