Question

The price of an electric fan is fixed 20% able its cost price. When it is sold allowing 18% discount,there is a loss of Rs20. Calculate the marked price and the selling price of the fan.​

Answer 1

Answer:

Let x be the cost price.

Then, marked price = x * 120/100 = 1.2 x

Sale price after discount = 1.2 x * 82/100 = 0.984 x

Now , loss = Rs.20 = x — 0.984 x = 0.016 x

Hence, x = 20/0.016 = Rs. 1250

Marked price = 1.2 * 1250 = Rs. 1500

Sale price = 0.82 * 1500 = Rs. 1230