Thecost price of an article is ₹425. A shopkeeper gives a discount of 20% and still gains 16%. Whatis the marked price of the article?
Answers
Answered by
10
Answer:
▪️The cost price of an article is ₹425.
▪️Selling price at a gain of 16%=425*116/100=Rs 493
Selling price at a gain of 16%=425*116/100=Rs 493This is 80% of marked Price
▪️(Discount is allowed on marked price. Gain/profit is calculated on cost price)
▪️The marked price of the article=493/80*100=Rs 616.25
Similar questions