What price should a shopkeeper mark on a mixer grinder which costs him * 2000 so as to
gain 5% after allowing a discount of 25%?
Answers
Answer:
Also, the gain percentage = 20% And discount allowed = 10% We need to find out the marked price of the article. ⇒ Now, we know that gain = (gain%) x Cost price/100 Gain = (20 x 600)/100 = Rs. 120 ⇒Now, we know that Selling Price = Gain + Cost Price ∴ SP = 120 + 600 = Rs. 720 Let marked price = Rs.x Since, a discount of 10% is allowed. ⇒ x-10% of x = Rs. 720 Hence, the markets price on the article is Rs 800Read more on Sarthaks.com - https://www.sarthaks.com/858506/what-price-should-shopkeeper-mark-article-that-costs-him-gain-20-after-allowing-discount
Answer:
Given gain percentage =20% and the CP of an article =Rs 600
Now, Gain =
100
600×20
=Rs 120
By using formula SP= gain +CP
SP=Rs 600+Rs 120=Rs 720
Suppose the MP=x
Since, he allow a discount =10%
As per question,
⇒x−10% of x=Rs 720
⇒x−
100
10×x
=720
⇒
100
90x
=720
⇒x=
90
720×100