what price should a shopkeeper mark on a grinder which cost him rs. 2000/- so as to gain 5% after allowing a discount of 25%.
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Let shopkeeper mark a price P. With 25% discount, SP = 0.75xP.
To get a profit of 5% on 2000, selling price should be (105/100)X2000 = 2100.
Hence 0.75xP = 2100 or P = 2100 / 0.75 = 2800.
To get a profit of 5% on 2000, selling price should be (105/100)X2000 = 2100.
Hence 0.75xP = 2100 or P = 2100 / 0.75 = 2800.
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