Varun allows a 10% discount on the
marked price of his goggles and still
makes a profit of 20%. If his profit over
the sale of a goggle is 45, find the
marked price of the goggle?
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Step-by-step explanation:
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Marked Price of the goggle is Rs.300
Step-by-step explanation:
If Marked Price is Rs.100
We know that discount of 10% is given
⇒Selling Price=(100-10)% of Marked Price
=90% of Marked Price
=Rs.90
We know that, Cost Price is always 100%
Here 20% of profit is given,
Selling Price=(100+20)% of Cost Price
=120% of Cost Price
Rs.90=120% of Cost Price
=100% of Cost Price
Cost Price
Rs.75=Cost Price
Selling Price-Cost Price=Profit
90-75=Profit
15=Profit
On comparing with actual profit,
15=45
1=3
So,Marked Price=
=Rs.300
Marked Price of the goggle is Rs.300.
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