the dealer buys an article for ₹1140 at what price must he mark it so that after allowing a discount of 5% he still makes a profit of 25%
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Let the market price be '₹x '
cost price of article = ₹ 1140
gain = 25 %
Find the gain :
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gain = 25 % of C.P = 25 % of 1140
= 0.25 × 1140 = ₹ 285
Find the selling price :
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S.P = C.P + gain = 1140 + 285 = ₹ 1425
discount allowed = 5 % of market price
= 5 % of x = ₹0.05 x
market price - discount = selling price
x - 0.05 x = 1425
0.95x = 1425 => 95x = 142500
x = ₹ 1500
therefore,he must mark the article at ₹1500 to get the required gain.
Answer :
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the required marked price = ₹1500
MARK AS BRAINLIEST
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